Gun stocks edge higher after NY AG Letitia James sues to dissolve the NRA

Shares of gun makers edged higher Thursday, but pared earlier gains, after New York Attorney General Letitia James filed suit seeking to dissolve the National Rifle Association , charging"illegal" conduct. James alleges the pro-gun organization violated non-for-profit laws by diverting"millions of dollars away from the charitable mission of the organization for personal use by senior leadership," and awarding contracts to financially benefit associates and family.

80% tacked on 0.7%, after being up as much as 2.8% earlier. Analysts say the regulatory environment is among the biggest drivers of demand for guns, as fears of tighter regulations have often boosted gun sales and prices of gun stocks in the past. Meanwhile, ammunition and outdoor gear maker Vista Outdoor Inc.'s stock VSTO, +15.

Barnes_Law They'll just never get it, will they?

CatesDuane LOL is the only appropriate response

drawandstrike 'We should have tricked them into doing this YEARS ago!'

AdamBaldwin

Just purchased Smith & Wesson stock!!!!!

mrtgr Too bad we can’t dissolve it’s members.

I guess this is good news for GunOwners

Actions have consequences, or something.

that lawsuit will get shot down

ncginny NRA does not equal 2A. It does, however, represent people who vigorously support 2A. This ridiculous lawsuit is just another diversion. The speed & regularity w which they arrive possibly belies globalists' panic as Nov nears. And yet again, they skipped the murder hornets.

It has doubled my investment since March.

DrewHolden360 Duh

The dude is looking a civil war?

Congratulations, LaSqueesha. You just owned yourself. NRA

ComfortablySmug Haha

It's ironic that the announcement to dissolve the NRA ... which ultimately fail, or wind up with a little fine ... will actually do quite a bit to help the Republicans /GOP realDonaldTrump rise in the polls. DNC missed memos on the riots: they are violent & attack innocents.

ComfortablySmug On what legal basis can you sue to dissolve a human rights organization?

$SWBI ranked a 1 = strong buy by Zacks

ComfortablySmug She's really trying to make a name for herself

Cc: stoolpresidente

ComfortablySmug There's barely any firearms or ammo as it is. Now what little is left will be wiped clean.

ComfortablySmug I'm never going to get .45 ACP ammo at this rate.

Gun stocks are the most weird stocks. They rise when the business are threatened. Wish oil stocks work that way.

ComfortablySmug Again, never give these people an inch, they will take your rights away.

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