As you probably know, I’m not a professional investor or financial advisor, nor is this article investment advice. With that said, we’re in a new age of gun ownership coupled with fears brought on by coronavirus and civil unrest.
With that, the surge in new gun owners during the first half of 2020 has brought an increase in stock prices for many companies in the firearms industry, and that’s something to watch for those of you who are thinking about investing.
Recently, I’ve been playing with the Robinhood app (use this link to sign up and get a free stock), which makes it easy to get into the stock market. It’s commission-free and simple to use, so I naturally start looking at stocks of companies in our industry.
The chart below shows the following stocks, in order:
Smith & Wesson (SWBI) – Increased from $10.15 on May 20th to $17.70 on June 19th.
Vista Outdoors (VSTO) – Increased from $7.46 on May 20th to $12.89 on June 19th.
Axon Enterprise (AAXN) – Increased from $76.21 on May 20th to $90.12 on June 19th.
Olin Corporation (OLN) – Increased from $11.46 on May 20th to $12.88 on June 19th.
Big 5 Sporting Goods (BGFV) – Increased from $1.36 on May 20th to $1.98 on June 19th.
Sportsman’s Warehouse (SPWH) – Increased from $9.32 on May 20th to $12.48 on June 19th.
The price changes above are from May 20th 2020 until June 19th 2020. The ticker below shows the daily change and current price.
The stock market has seen it’s ups and downs lately, so invest with caution if you decide to do so.
If you invest, or are thinking about investing, give Robinhood a try and you’ll get a free stock for signing up.
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