Instant Alert: People are stockpiling assault-style rifles after the Florida school shooting

Posted On // Leave a Comment

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
 

People are stockpiling assault-style rifles after the Florida school shooting

by Hayley Peterson on Mar 6, 2018, 12:34 PM

Advertisement

  • Gun sales are surging after the Florida school shooting that killed 17 students and staff members.
  • Criminal background checks for gun sales rose 3.5% in Florida in the month of February, Bloomberg reports.
  • Background checks for long guns, which includes assault-style rifles like the one used in the Parkland school shooting, surged 12.6% in the state. 


Sales of assault-style rifles are surging in the aftermath of the Florida school shooting that killed 17 students and staff members

Criminal background checks for gun sales — a key metric for estimating the demand for guns  — rose 3.5% in Florida in the month of February, compared to the previous year, Bloomberg reports.

Background checks for long guns, which includes assault-style rifles like the one used in the Parkland school shooting, surged 12.6% in the state. Nationwide, that metric rose 3%.

Gun sales typically surge after mass shootings, due to rising fears over tightening gun controls.

But under President Donald Trump, gun sales have slowed — a trend that has been called the "Trump slump" — because he's seen as supportive of the gun industry

The recent rush of demand for guns indicates that "fear-based buying" is back, according to KeyBanc Capital Markets analyst Brett Andress. 

It "starts to beg the question: Is fear-based buying back? Given all the recent headlines and rhetoric, we would argue yes, for the moment," Andress wrote in a research note. 

SEE ALSO: A 20-year-old man is suing Walmart and Dick's for refusing to sell him a gun — and it could be the beginning of a legal nightmare


 
Share the latest business news with your network:

Facebook Share Twitter Share Email Share
  

Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

0 comments:

Post a Comment