The FBI processed a record number of firearms-related background checks last year, indicating that more guns were sold in 2015 than in any previous year in American history.
More than 23 million checks were processed through the National Instant Background Check System in 2015, an all-time record.
The all-time record for yearly sales comes after May, June, July, August, September, October, November, and December 2015 each set sales records for their respective months. In December the FBI conducted 3,314,594 checks, an increase of more than half a million checks over the previous single-month record set in December 2012.
https://archive.is/ZGmmU
http://freebeacon.com/issues/all-time-gun-sales-records-set-in-2015/
Stocks for two major gunmakers skyrocketed as President Obama unveiled a long-feared series of executive orders intended to destroy the 2nd Amendment right.
Gunmaker Smith & Wesson’s stock price closed at $25.86, higher than at any point in 2015. A year ago, on January 7th, 2015, it closed at just $9.93.
Sturm, Ruger & Co.’s price reached $65.54, the highest it has been since August 2015.
The increase in stock prices reflects the expectation that gun sales will surge again. Gun sales skyrocketed after the Sandy Hook massacre on fears the federal government would crack down on gun ownership.
The Intercept recently reported that gun manufacturers and retailers, talking to investors, said they expect sales to rise after massacres. “You can see after a tragedy, there’s also a lot of buying,” Jeff Buchanan, the chief financial officer of Smith & Wesson, told investors.
The FBI recorded a “record number of firearms background checks” in 2015 hitting a pace of roughly 44 checks a minute. The peak day for background checks was Black Friday, with 185,345 checks.
Smith & Wesson also raised its revenue and earnings guidance on Tuesday, announcing “that the sell-through rate of its products at distribution has been stronger than originally anticipated,” reducing distributor inventories even as the high number of background checks, “an indicator of consumer purchases, reflected strong growth versus December 2014.”
https://archive.is/F3Yku
https://theintercept.com/2016/01/05/after-obamas-executive-orders-gun-stocks-explode/
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