President Joe Biden is expected to roll out a package of executive actions on Thursday aimed at curbing gun violence, according to a Politico report citing unnamed sources. The actions will include directing his administration to start the process of requiring background checks for buyers of “ghost guns,” which are homemade firearms without serial numbers, the report said. Gun stocks jumped following the report but have since given up that gain, leaving Sturm, Ruger & Co. shares
down 0.9% in recent trading, while Smith & Wesson Brands Inc. shares
were up 0.8%.