Shares of gun seller GrabAGun -- backed by Donald Trump Jr. -- tank after NYSE trading debut

[douglas9]

Shares of the online firearms retailer GrabAGun — whose shareholders and board members include Donald Trump Jr. — tanked on their first day of trading on the New York Stock Exchange following a merger with a special purpose acquisition company.

GrabAGun’s stock price fell by more than 20% in trading in the hours after Trump Jr. rang the opening bell of the NYSE to cheers of “USA!” from the trading floor.

Trump Jr., the eldest son of President Donald Trump, was projected to own 300,000 shares in GrabAGun, or about 1% of the company’s stock, according to a prospectus issued in June.

“To be able to come back to the New York Stock Exchange and actually take a gun company public feels like such a vindication of all the insanity, all of the ‘woke’ nonsense that we’ve been watching and facing for the last decade in America,” Trump Jr. said on Fox Business before GrabAGun’s trading debut.

https://www.cnbc.com/2025/07/16/trump-jr-grabagun-stock-gun-merger.html

[John1956PA]

1. I do not like that the symbol for the stock is "PEW."

I do not see the connection between that symbol and the name of the entity which is "Grabagun Digital Holdings, Inc."

Yesterday, June 16, the per-share closing price was $13.12, down about five dollars from trading early in the day. Don Junior is said to hold over 100,000 shares, which puts his current stake at over $1M.

[Bernardo de La Paz]

2. It's a little boy thing. The sound they make imitating machine guns. "pew-pew-pew"

Their supporters made a big fuss, chanting USA over and over, at the NYSE.

But I thought RKBA zealots were against gun grabbers.

The whole thing is infantile.

[Bernardo de La Paz]

3. Junior has meaning of vindication backwards. He thinks it is "victory over", not actually "validation of claim of".

He's trying to use big words on a big occasion.