Gun stocks surge following Orlando shooting

Shares of Smith & Wesson and Sturm, Ruger & Co. gained 6.9 percent and 8.5 percent, respectively, yesterday following the Sunday shooting in Orlando, Fla.

James Hardiman, a Wedbush Securites analyst covering Smith & Wesson, said stock prices tend to rise over increased demands for gun control.

"As the rhetoric of gun control rises, the stocks go up," he said.

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