Shares in Fairfield-based gun maker Sturm Ruger &Company Inc. gained almost 4 percent in Monday trading, despite the Dow’s plunge of more than 100 points.
Gun makers saw mixed results Monday. While Ruger gained 3.88 percent to close at $44.23, National Presto Industries was down more than 3 percent to $68.46 and rival Smith and Wesson saw its shares rise just 8 cents, or 0.84 percent to $9.65.
Gun makers and second amendment supporters are once again gearing up for a fight over gun control in the wake of the mass murder of 12 people in a Colorado theater last week. As calls for stricter gun control ramp up, including from NYC Mayor Michael Bloomberg, gun sales are expected to increase as people fear the right to buy them might be impinged upon.
While Ruger shares surged, it wasn’t the only company to post a positive gain in a day that saw the major indexes all fall. The Dow and S&P were both down nearly 1 percent and the Nasdaq lost more than 1 percent.
Other area stocks that fared well, United Rentals, which gained 1.81 percent to $30.94; GE up 1.11 percent to $20.09 and Acme United was up more than 1 percent to $10.70.
Ethan Allen, WR Berkley and Xerox all hung on to gains of less than 1 percent Monday.