Following a racist shooting at a supermarket in Buffalo, New York, earlier this month, and Tuesday's school shooting in Uvalde, Texas, weapons have resurfaced as a political hot topic.
Since the deadly school shooting in Texas that claimed the lives of 19 children and two teachers, the stock prices of a number of prominent US gun manufacturers have surged.
Smith & Wesson Brands has gained over 10% in the last five days, tracking the gains of other manufacturers such as Ammo Inc (up 12.6%), Sturm Ruger (up 5.64%), and ammunition manufacturer Olin (up 23.5 % over the past month).
FiveThirtyEight looked at polling and media data to show how support for gun laws has arisen in the wake of intensive media coverage of previous school shootings but has since reverted to the previous mean as the media emphasis has shifted to other concerns. We looked at the coverage of two school shootings in 2018 to see how it correlated with shifts in public support for stricter gun laws. We looked at data from the shootings at Marjory Stoneman Douglas High School in Parkland, Florida, on February 14, 2018, and Santa Fe High School in Santa Fe, Texas, on May 18, 2018.
Guns made in the United States.
The number of weapons manufactured in the United States has surged dramatically. In the years leading up to the recent spike in gun deaths and shooting events, domestic gun manufacturing exploded.
According to data from the Bureau of Alcohol, Tobacco, Firearms, and Explosives, annual gun production ranged between 3 million and 4 million between 1988 and 1992.
Fast forward to 2009, when for the first time during President Bill Clinton's presidency, more than 5 million weapons were manufactured. Since then, the number of guns manufactured has climbed for more years than it has declined, reaching a high of 11 million in 2016.
Reasons For The Spike In Gun Sales
Any societal anxiety can result in a sales increase.
However, "turbulence" in US politics and society could result in an increase in gun purchases.
It can be applied to a wide range of insecurities and anxieties. As we witnessed during the pandemic how Covid-19 spikes the gun sale in USA, after any significant disruption—riots, protests—there are increases,
We saw more black women buying weapons for the first time to protect themselves under the Trump administration and increased allegations of bigotry.
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