America's Biggest Gun Company's Stock Is Up Over 500% Since Obama's Election

Moneybox
A blog about business and economics.
Dec. 17 2012 3:51 PM

America's Biggest Gun Company's Stock Is Up More Than 500 Percent Since Obama's Election

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Sturm, Ruger & Company is the biggest gun manufacturer in America. Its stock has fallen since the shooting in Connecticut as the gun industry is suddenly seen as exposed to more regulatory risk than was previously believed. But note that its share price has absolutely boomed since Obama's first election. Part of that is a general upward trend for manufacturing enterprises since the lows of the recession, but a big part of it is that the phantom menace of Obama's gun grab has inspired a lot of people to double-down on their weapons purchases.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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