Why Ammo Stock Just Popped 17%

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It’s looking a lot like the Democrats will control the White House, the House of Representatives, and the Senate, with early polls out of Georgia suggesting the Democrats won both of the Senate races in yesterday’s runoff election. This may be the reason that firearms ammunition manufacturer Ammo Inc. (NASDAQ: POWW) is soaring 17.4% as of 10:30 a.m. EST.

But it’s probably not the whole reason.

Image source: Getty Images.

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