Ruger’s shares up more than 11 percent since election

While the rest of the market has struggled since the election, Southport-based gun maker Sturm Ruger & Company Inc. has seen its shares jump more than 11 percent since Tuesday’s close.

The company was above $50 a share in late morning trading, while the S&P 500, Dow and Nasdaq were all down marginally, after suffering huge drops last week in the wake of the election.

Ruger was up $1.48 to $50.80. It’s 52-week high is $58.42.

Rob Varnon