Shares for Las Vegas casino Mandalay Bay’s parent company MGM Resorts International have fallen 5 percent the day after Stephen Paddock shot and killed at least 58 people from his hotel room window, injuring more than 500.
Competitor Wynn Resorts’ stock has also taken a hit on Monday — but others are making bank. Yes, we’re (sigh) talking about gun companies.
American Outdoor Brands, the former Smith & Wesson Holding Corporation, is currently trading up 3 percent — and it was even higher earlier. Storm Ruger & Company Inc. is doing them one (point) better, trading up 4 percent. Both stocks peaked right around 10:30 a.m. ET.
See the trading day for all four companies as charted below.
Paddock went on a shooting spree late Sunday from his 32nd-floor Mandalay Bay hotel room, firing down at the thousands attending the nearby Harvest 91 country music festival. When police breached his room, the 64-year-old Paddock apparently shot and killed himself. The cops found at least 10 rifles in the room.