Shares of gun manufacturers and retailers climbed in early trading Thursday, extending momentum from the previous session after the fatal shooting of U.S. conservative activist Charlie Kirk on Wednesday.
Smith & Wesson Brands (NASDAQ:SWBI) saw its stock rise more than 4% in premarket activity, while Outdoor Holding (NASDAQ:POWW) advanced over 3%.
GrabAGun (NYSE:PEW), a firearm retailer supported by Donald Trump Jr., also gained approximately 3%.
Kirk, a well-known supporter of former President Donald Trump, was killed in the incident on Wednesday, sparking renewed attention on firearm-related equities.
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