Sturm, Ruger & Co. shareholders are pressing the gunmaker to hire an outside firm to assess the human rights impacts of its policies, practices and products, given the “inherent lethality” of its business.
. One of the most recent occurred Wednesday, when police say a man gunned down four people at a Tulsa hospital before killing himself. He reportedly was armed with an AR-15-style rifle that had been purchased about an hour before the attack, as well as a .40-caliber handgun. Both weapons were acquired legally.
While public outcry has surged in the aftermath of the Uvalde massacre, with many Americans calling for new legislation to restrict access to high-powered weaponry, a parallel reality has emerged on Wall Street. Some of the nation’s largest gun and ammunition makersShares of Sturm, Ruger & Co. are up 9.4 percent since the attack, while Smith & Wesson Brands has climbed by nearly 14 percent, both outpacing the broader stock market.
Political leaders advancing gun restrictions will ramp up their messaging on reform in the coming days and weeks.Thursday and call on Congress to pass “common sense laws” in the wake of mass shootings in New York, Texas and Oklahoma. The president will focus on the need to “combat the epidemic of gun violence that is taking lives every day,” according to the White House.
Meanwhile, the House Judiciary Committee is debating legislation billed as an emergency response to mass shootings. One bill under consideration could pass the House as early as next week but is not expected to advance in the Senate.
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