Smith & Wesson (SWBI) Rockets Amidst the Ongoing Clashes Over the US

The company, Smith & Wesson (SWBI), producing guns is facing sharp growth of its shares.

Image source: unsplash.com

The shares not only of Google (GOOGL) and Amazon (AMZN) are going up while the US is facing the ongoing clashes between police and protesters. The stocks of arms sellers have blasted due to the increased demand on the weapon. Mainly, the price of Smith & Wesson SWBI has rocketed by more than 50%.

Image source: TradingView SWBI

Sales of the weapon have increased by more than 80% since the start of May. Mainly, it is connected with the death of George Floyd who was killed by a policeman. Surprisingly, but the stock market keeps rising since March neglecting the negative influence of the ongoing virus and recently started local fights between protestors and the police. The growth is outlined in the S&P500 index.

Image source: TradingView S&P500

The S&P 500 index has come back to the value of March 2020 where the dump has started from.

#Stock #Stock Market #SWBI

Peter Smith E-mail

Pete is an expert in content creation with a passion for the global economy and equities market.