Gun stocks traded higher on Monday after protests surrounding the death of George Floyd resulted in the arrests of nearly 1,700 people in 22 different U.S. cities over the stretch of three days.
Peaceful protests devolved into chaos in certain areas around the country. In New York City, 33 police officers were injured and 47 police vehicles were either damaged or destroyed. At least one person was shot and killed related to protests in both Indianapolis and in Kentucky. More than 40 cities imposed curfews over the weekend, and the National Guard was activated in at least 26 states.
Investors seem to be betting that the violent protests will at least temporarily provide a bump for gun sales. The COVID-19 outbreak and