In the wake of the horrific Sandy Hook school shooting in Newtown, Connecticut, the contentious debate over gun control has been reignited, spurring new policy proposals by lawmakers and mobilizing gun-rights advocates. While the National Rifle Association (NRA) has remained quiet in the aftermath of the shooting, the organization has registered some 8,000 new members per day since the harrowing tragedy.
In addition to an explosion of membership requests, an NRA source told Fox News that individual contributions to the organization have also spiked, according to an internal memo contrived by the group’s membership division. “While this broadly aligns with trends seen after similar incidents in the past, the surge in membership this time is said to dwarf past trends,” Fox reports.
Along with noticeable increases in NRA memberships, firearm sales also have experienced a sharp boost in the wake of last Friday’s massacre, which left 26 people dead, including 20 children between the ages of six and seven. This side effect is reportedly spawned by political debates over tightened regulations on the nearly $32-billion gun industry.
Simultaneously, the “Sandy Hook Effect” has left several gun manufacturers with notable reductions in their shares. Smith & Wesson’s stock plunged eight percent from Friday to Monday, and on Tuesday the stock tumbled an additional 10 percent. Additionally, Sturm Ruger & Company’s shares plummeted by almost eight percent, after losing about nine percent of its value since the shooting.
In states such as Texas, Ohio, Oregon, and Colorado, reports have indicated a significant boost in gun purchases occurring immediately after the shooting, also creating a “national shortage” of weapons and ammunition, according to one Texas gun shop owner. “All of our suppliers are almost sold out of items across the board,” he said, adding that he projects his gun sales to boost anywhere between 200 and 400 percent. “At a minimum we’ll double our sales from last year,” he noted.
Click here to read the entire article.
Photo: AP Images