[ad_1]

The stock prices of a number of prominent US firearm manufacturers have risen in the days following the mass school shooting in Texas that has since claimed the lives of 19 children and two teachers.

Smith & Wesson Brands has risen almost 10 per cent in the past five days, mirroring the success of other manufacturers such as Ammo Inc (up 12.6 per cent), Sturm Ruger (up 5.64 per cent) and ammunition maker Olin (up 23.5 per cent over the past month).

While restrictions – some as even-handed as background checks – have yet to be announced, investors are attempting to catch firearm stocks at a price they believe is cheap.

There are fears gun sales will surge in the wake of the Texas school shooting. (AP)
A study from 2019 found that a “statistically significant” spike in gun sales occurred in the months immediately following every single mass shooting event.

A rise in stock prices is investors anticipating a boom in gun sales prior to any restrictions being introduced.

How American politicians will tackle the fallout from one of the worst school shootings in more than  a decade remains to be seen.

The stock price of gunmaker Smith & Wesson is up nearly 10 per cent since the shooting. (Google Finance)

A bipartisan group of 10 senators led by Democrat Chris Murphy is discussing what they can do to curtail mass gun violence, with current suggestions including expanded background checks or “red flag laws” that would prevent some customers from legally purchasing firearms.

It is uncertain if the group can come to consensus, and even if they do, winning enough votes from Republicans could prove difficult, as most do not want to see changes in the nation’s gun laws. 

Democrats would need 10 Republican votes to overcome a filibuster and get a bill through the 50-50 Senate.

Senator Chris Murphy waits to speak to activists demanding action on gun control legislation after a gunman killed 19 children and two teachers in a Texas elementary school. (AP)

“Odds are against us, but we owe it to parents and kids to try,” tweeted Murphy, who has been an advocate for stricter gun control since 20 children and six educators were killed at Sandy Hook Elementary School in 2012.

Murphy, who gave an impassioned speech on the Senate floor Tuesday as the news broke of the Texas shooting, has said he wants to start with proposals that are doable.

“There is a common denominator we can find,” Murphy said.

“There is a place where we can achieve agreement.”

<p>In the largest mass school shooting in US
history, gunman Seung-Hui Cho&nbsp;claimed the lives of 32 people at Virginia Tech on April 16 2007.</p><p><strong>Click through to see some of the deadliest mass shootings in American history.&nbsp;</strong></p>

IN PICTURES: The deadliest mass shootings in US history

Additional reporting by the Associated Press

[ad_2]

You May Also Like

St Basil’s aged care home facing another COVID-19 outbreak, one day after charges

Since Saturday, 9News understands there have been 13 new COVID-19 infections recorded…

Accused gunman Robert E. Crimo III disguised as woman, planned for weeks

US investigators believe the man accused of shooting dead seven people and…

Mortgage borrowers brace for more pain as RBA rate hike looms

Australian mortgage borrowers are bracing for the household budget to get even…

Stranded Jetstar passengers sleep on gym floor after flight cancelled

A honeymooning couple and a woman celebrating her 50th birthday were among…

Call for inquest into Aboriginal man’s death hours after being discharged from hospital

WARNING: Aboriginal and Torres Strait Islander readers are advised this story contains…

Spanish police seize underwater ‘drug smuggling drones’

Spanish police have seized three ‘drone submarines‘ capable of carrying large amounts…
Former Bachelor star Zilda Williams (pictured) debuted her classy and sophisticated new look on Instagram this week

Bachelor star and glamour model Zilda Williams debuts VERY classy makeover

Glamour model and Bachelor star who used to have ‘back-breaking’ E-cup breast…

Rescuers to continue battling wild weather in ship rescue

The crew managed to drop two anchors, but the force of the…