Gun stocks are surging after Orlando mass shooting

President Obama Calls For Stricter Gun Laws — Again
President Obama Calls For Stricter Gun Laws — Again

Shares of major gunmakers rallied in pre-market trading on Monday, one day after the deadliest mass shooting in US history.

Smith & Wesson shares jumped by as much as 9%, while Sturm, Ruger & Company shares rallied 4%.

At least 50 people died at a gay nightclub in Orlando on Sunday when Omar Mateen, the suspected gunman, opened fire with an assault-style rifle.

SEE ALSO: Orlando massacre: Names of gay bar shooting victims emerge

Gunmaker shares have rallied after previous mass shootings that revived the debate about tougher gun-control laws.

President Barack Obama and Hillary Clinton, the presumptive Democratic presidential nominee, both called for stricter gun-control measures in statements on Sunday.

And amid prior calls from the White House to toughen laws, gunmakers have reported increased demand for their products; the concern among consumers is that guns may be harder to buy in the future if stricter legislation is passed.

EXPLORE MORE: Orlando gunman Omar Mateen 'cool and calm' during negotiations

The Orlando shooting was "a further reminder of how easy it is for someone to get their hands on a weapon that lets them shoot people in a school, or a house of worship, or a movie theater, or a nightclub," Obama said on Sunday.

RELATED: Orlando massacre vigils and tributes around the world​:

NOW WATCH: The number of times Obama has had to respond to mass shootings during his presidency is staggering

See Also:
Ted Cruz delivers strong message to 'Democrats who are loud champions of the gay and lesbian community'
Draymond Green's suspension comes with a twist that makes it particularly brutal
What happened to Austin, Texas, when Uber and Lyft left town

SEE ALSO: Hillary Clinton calls for greater measures to combat ISIS, advocates for stricter gun control

SEE ALSO: G4S says it employed the Orlando gay club shooting gunman, and its stock is getting slammed