Studies show that mass shootings are often good for gunmakers' bottom lines.
to enhance background checks for those under 21 and provide funding for red flag laws that allow for the temporary removal of guns from people deemed to be dangerous.“I don’t think the business of guns is changing at all. In fact, I think people are doubling down,” says Greenwood. Because mass shootings can often spark an increase in gun purchases, investors may see the sense in buying shares of gun companies right afterwards.
Greenwood cautions that it’s become extremely difficult to study the interplay between of mass shooting events and stock prices, because such shootings are no longer unusual events. “Mass shootings within the United States happen with such frequency that actually determining whether or not there’s a causal relationship statistically is impossible,” he says.
Recently, investors in gun manufacturers have made their presence felt in other ways. At Ruger’s annual meeting of shareholders on June 1, a small group of shareholders proposed that the firearm company produce a Human Rights Impact Assessment, looking at the effect the company’s products was having through the lens of human rights. Ruger’s board did not support the proposal, but the non-binding proposal was put to the vote and passed.
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