[ad_1]
US President Donald Trump had previously said that if Democratic candidate Joe Biden wins the election, he will deprive Americans of their right to own guns.
Shares of gun makers Smith & Wesson and Sturm Ruger have risen 8 percent since the end of September.
This coincides with Biden’s polls breaking after a live debate between Republican candidate Donald Trump and Democratic candidate Joe Biden on September 29.
Smith & Wesson CEO Mark Smith said in a statement last month that they are struggling to keep up with growing demand.
WINNING BID MAY INCREASE WEAPON SALES
According to the news in Turkish VOA, it is said that the election of Biden and his deputy Kamala Harris, who support gun regulations, could further increase arms sales.
Especially since Democrats who inherit the Senate majority from Republicans will lead Democrats to the majority in both branches of Congress, the gun regulations bills are expected to be easier to sign into law.
The RealClearPolitics site showed that Biden’s probability of beating Trump in the election was 55 percent before the live debate show on September 29, and he increased this rate to 65 percent after the debate.
Arms company shares rise
Shares of Smith & Wesson were up 135 percent this year, while shares of Sturm Ruger were up 51 percent.
Sturm Ruger’s stock rose nearly 900 percent in eight years from November 2008, when Democratic President Barack Obama won the first election, to 2016, when President Donald Trump took office.
Shares in Sturm Ruger rose just 10 percent during the years under Trump’s presidency.
Biden had previously pledged to block the sale of military-type rifles and high-capacity weapons, with a ban like a 10-year ban that expired in 2004.
Biden is also committed to ensuring that those who possess military-style weapons sell their weapons to the state or obtain a license from the state.
Gun sales increased in 2016 with the expectation that Democratic candidate Hillary Clinton would win the election. The two years that followed Trump’s election victory led to a period when consumers weren’t worried about losing their guns and gun sales slowed.
In 2020, sales picked up again amid the pandemic, street demonstrations and discussions about cutting off sources of police services.
Checks on the federal safety registry, which paved the way for firearms for consumers in the United States, reached 28,800,000 in the first nine months of 2020, before the holiday season, which includes Christmas and Christmas. Thank you, when purchases increased.
This number exceeded the number of checks in the security registry, which reached a record level of 28 million 400 thousand in all of 2019.
It may interest you
It may interest you
[ad_2]
