Gun-Maker Stocks Slump After Florida Imposes Age Restriction On Gun Purchases, Bans Bump Stocks

Shares of gunmakers American Outdoor and Sturm Ruger tumbled to session lows as Florida Governor Rick Scott commented that his state will require all gun purchasers to be aged 21 or above, and additionally bans all sales and purchases of bump stocks.

“I know there are some who are advocating a mass takeaway of 2nd amendment rights for all Americans. That is not the answer”

“We will require all individuals purchasing firearms to be 21 or older,” Florida Governor Rick Scott says in press conference (noting that exceptions will be created for active duty and reserve military and spouses, National Guard members and law enforcement).

Scott will work with legislature over next two weeks on plan that will focus on gun laws, school safety, and mental health.

“I want to make it virtually impossible for anyone who has mental issues to use a gun”


"We can't trust the federal process, which is why we have to make these changes here in Florida,"

"We will completely ban the purchase or sale of bump stocks,"

Furthermore, Scott noted that the state would invest $500m in school safety plan after shooting, and calls for law enforcement officers in public schools.

Florida to establish funding to require access to dedicated mental health counselors at every school.

The goal of this plan of action is to make massive changes in protecting our schools, provide significantly more resources for mental health, and do everything we can to keep guns out of the hands of those dealing with mental problems or threatening harm to themselves or others."

RGR and AOBC are down around 4% today...