The stock for renowned gun maker Smith & Wesson is up 130 percent this year, amid the unprecedented surge in gun sales.
MarketWatch reported that Smith & Wesson–Ticker Symbol SWBI–were up 133.85 percent for the year, as of approximately 3:30 p.m. Thursday.
The stock for Sturm Ruger & Co–Ticker Symbol RGR–was up 42 percent for the year at approximately the same time Thursday as well.
The surge in value for firearms makers is occurring in a year where there were more National Instant Criminal Background Checks System (NICS) checks January 1 through September than in all of 2019. FBI figures show there were 28,369,750 NICS checks in 2019 while there have been 28,826,449 checks through September of 2020.
On October 4, 2020, Breitbart News reported that September 2020 was the ninth consecutive month of record NICS background checks. That means January 2020 saw more NICS checks than any January in