VSTO - Firearm shares diverge as House passes two gun control bills

A shifting political landscape saw the U.S. House of Representatives pass a pair of gun control bills on Thursday in an attempt to enact new laws after years of failed attempts.However, the legislation may face a tougher time in the Senate, where Democrats hold an even slimmer majority.The first measure would close a long-standing loophole in gun laws by expanding background checks to those purchasing weapons over the internet, at gun shows and through certain private transactions.The second bill would give authorities 10 business days for federal background checks to be completed before a gun sale can be licensed.Firearm-related investors are sizing up the latest developments, with shares diverging in premarket trade: Smith & Wesson (SWBI) -0.5%, American Outdoor (AOUT) -2%, Vista Outdoor (VSTO) +1.2%, Sportsman's Warehouse (SPWH) +1%, Ammo (POWW) -12%, Ruger (RGR) and Olin Corporation (OLN).

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Firearm shares diverge as House passes two gun control bills