It all started when police wanted to serve a warrant to a person at an apartment complex. However, they ended up killing Keith Lamont Scott, an African-American. While police claimed Scott had a gun, his family members have refuted these allegations and indicated that Scott was carrying a book, according to CNN.
The killing of yet another black man has led to widespread protest with people seeking justice and protesters demand assumed significance in the wake of a fatal shooting of an unnamed black male in Oklahoma last week and countless other similar stories this year. The agitators cry for authorities to end police brutality, specifically the ostensibly targeted assaults on black males.
While the debate rages on regarding whose version of the story is accurate and what exactly made police open fire, investors, too, have reason to pay close attention to the civil unrest in Charlotte.
Below are five stocks likely to see market reactions, if historical precedents are any indicators of future performances.
- TASER International, Inc. TASR, an electrical weapons maker, is up roughly 8 percent over the last five trading days and up 2.69 percent at time of writing to trade at $27.13.
- Sturm, Ruger & Company RGR, a firearms manufacturer, is up 1.82 percent on the day, trading at $55.42.
- Digital Ally, Inc. DGLY, a producer of video imaging and storage products, edged up by 1.78 percent on Wednesday and 7.03 percent this week.
- Image Sensing Systems, Inc. ISNS, a software-based products and solutions provider for intelligent transportation systems, gained 2.22 percent on Wednesday and 6.05 percent this week.
- Smith & Wesson Holding Corp SWHC, a manufacturer of firearms, advanced 0.77 percent on Wednesday and 0.7 percent this week.
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