Why Gun Stocks Plunged in August

Why Gun Stocks Plunged in August

Gun stocks dropped like a rock across the board in August. Sturm, Ruger & Company Inc (NYSE: RGR), American Outdoor Brands Corp (NASDAQ: AOBC), and Vista Outdoor Inc (NYSE: VSTO) all dropped double digits, according to data provided by S&P Global Market Intelligence, as a wave of bad news hit the industry. 

The domestic gun industry is actually suffering from operating conditions that are too favorable, which sounds a little crazy on the surface. But when you dive into the numbers it's entirely predictable that gun stocks are having a terrible 2017. 

Image source: Getty Images.

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Source: Fool.com