Shares of firearms makers Smith & Wesson (NASDAQ:SWHC) and Sturm Ruger (NYSE:RGR) , stun gun and officer-worn camera maker Taser (NASDAQ:TASR) , and camera maker Digital Ally (NASDAQ:DGLY) all rose sharply Friday morning after five Dallas Police Officers were shot and killed Thursday night.
The nation’s largest gun-maker by revenue, Smith & Wesson saw its shares open nearly 5% higher Friday morning, at $29.75 per share. Rival gun maker Sturn Ruger saw its shares jump, starting the day nearly 4% higher.
Maker of stun guns, body worn cameras, and digital evidence storage systems, Taser, saw its shares also rise, trading nearly 6% higher early Friday. Digital Ally, a maker of wearable cameras, was trading more than 57% higher, after jumping around 25% in premarket trade.
This isn’t the first time these types of stocks have risen after a tragedy, as after last month’s Orlando shooting gun makers saw their shares jump too. Smith & Wesson rose nearly 7%, and Sturm Ruger gained 8.5%.
The Dallas shootings came during what was a peaceful protest against the killing of two African American males in Louisiana and Minnesota. Firearms sales tend to rise after tragedies such as mass shootings and terrorist attacks.
STURM RUGER&CO (RGR): Free Stock Analysis Report
SMITH & WESSON (SWHC): Free Stock Analysis Report
DIGITAL ALLY IN (DGLY): Free Stock Analysis Report
TASER INTL INC (TASR): Free Stock Analysis Report
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