Gun-related shooting incidents have historically caused sudden spikes in firearm sales. The latest incident in Las Vegas, which has been described to be one of the deadliest in the country's history, seems to follow the morbid trend as citizens flock to gun stores to stockpile firearms in case of a [more]
It isn't clear just yet if the threat of impending nuclear war has something to do with it, but US citizens seem to continually be arming themselves. The latest figures from the NICS background check system, which was recently posted by the FBI, shows that August has set yet another [more]
A state representative in Upper Peninsula of Michigan has just introduced a controversial new bill that has ignited conversations amongst residents. The new bill will essentially allow legal firearm owners with concealed carry permits to take their guns in previously gun-free zones such as schools and other establishments. The proposal [more]
With the prominence of social media and online services, tourists are now becoming more comfortable using online marketplaces for their travel plans. Airbnb is one such service that is becoming quite popular here in the country. In fact, Americans are spending millions of dollars within the app itself as staying [more]
The Federal Bureau of Investigation (FBI) has now called all Federal Firearms Licensees (FFLs) and interested parties to join its upcoming event that will include several useful resources and presentations pertaining to licensing and gun ownership. The event called the "NICS Retailer Day" will be held on July 25 at [more]
Florida state officials have just announced that thousands of Florida residents who currently possess firearm concealed carry permits may have just had their information compromised. Thousands of names of holders and hundreds of Social Security numbers were reportedly stolen by hackers. The data breach was initiated through the online payment system [more]
Gun-related shooting incidents have historically caused sudden spikes in firearm sales. The latest incident in Las Vegas, which has been described to be one of the deadliest in the country’s history, seems to follow the morbid trend as citizens flock to gun stores to stockpile firearms in case of a sudden shift in gun control laws. Investors were also quick to respond to the tragic incident, leading to sudden spikes in gun manufacturer stocks.
Similar to the trend during previous gun-related shooting incidents, concerned citizens were quick to run to their nearest gun and sporting goods stores to purchase additional hardware. Most are likely anticipating a move from the different government agencies to impose stricter gun control laws. The incident itself has generated a new wave of calls for stricter gun control from different political parties, which does justify the apparent panic buying.
Following the deadly incident on Sunday, which resulted in the death of at least 59 people and left over 520 other people injured, sudden spikes in the stock prices of firearm companies were observed throughout the week. Wall Street investors were quick to jump into the frenzy, which ultimately caused the rapid increase in the stock prices.
However, unlike the previous shooting incidents, the spike was observably conservative given that a there could be a small chance of a significant change in gun control legislation under a Trump administration. A few days after the shooting, President Trump neglected to answer questions regarding possible new gun laws and only mentioned that they will be discussed “as time goes by.”
Aside from handguns, ammo, and rifles, a shortage of “bump stock” supplies is being reported by various gun manufacturers and retailers. A “bump stock” is basically an accessory that allows a semi-automatic rifle to fire hundreds of rounds in just a few seconds by using the firearm’s own recoil energy. Fears of the accessory being banned likely lead to a huge increase in its sales, which in turn caused a shortage of the product across the country.