Why Sturm, Ruger Stock Jumped 36.7% in 2020
Shares of Sturm, Ruger (NYSE: RGR) rose 36.7% in 2020 as the firearms industry bounced back.
The National Shooting Sports Foundation reported that adjusted FBI data showed criminal background checks on gun buyers soared 64% in 2020 through the end of November, reaching a record 19.2 million. That far surpassed the previous full-year record of 2016 when 15.7 million background checks were conducted.
Image source: Getty Images.
Source Fool.com
