Record background checks propel gun stocks

Gun Rights

The leading indicator of gun sales jumped in August, sending American Outdoor (NASDAQ: AOBC ) and Ruger (NYSE: RGR ) on Tuesday up 6.4% and 3.4%, respectively. The overall number of background checks recorded in the National Instant Criminal Background Check System surged 15.5%, marking the highest August number ever recorded. The surge came in the wake of heightened pressure for gun control, sales bans on military-styled rifles, and limits on ammo following a spike in mass shootings.

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