GrabAGun (PEW) went live on the New York Stock Exchange after completing its SPAC merger with Colombier Acquisition Corp. II that raised $179 million. 

Donald Trump Jr., who joined the board and owns a 1% stake in the online firearms retailer, rang the opening bell.

However, the celebratory mood didn’t quite translate to investor enthusiasm, with PEW shares losing as much as 20% on July 17. This follows a similarly sizable plunge on Wednesday, July 16. 

What the Disappointing Debut Means for GrabAGun Stock

A sharp decline in a firm’s share price on day one is rarely a good omen, and GrabAGun stock is hardly any different. 

Despite significant revenues and high-profile backing, PEW shares closed significantly below their opening price on Thursday, signaling investor skepticism. 

SPAC deals often face scrutiny over valuation and long-term viability, and GrabAGun’s politically charged branding may have added volatility. 

While the company claims profitability and a sizable addressable market, the poor debut suggests investors are cautious – either about regulatory risks, competitive pressures, or the sustainability of its growth story. 

For now, the market seems convinced that GrabAGun’s narrative doesn’t even begin to justify its current valuation.  

Why PEW Shares Remain Highly Speculative to Own

PEW stock remains unattractive despite a notable pullback on Thursday as it sits right at the intersection of politics and SPAC volatility. 

GrabAGun operates in a heavily regulated industry, and any shifts in federal or state gun law could impact its business rather significantly. 

While Trump Jr.’s involvement may attract attention, it also polarizes sentiment, making the stock much more vulnerable to political cycles.  

SPAC-backed firms often lack the transparency and institutional coverage that conventional IPOs enjoy, leaving retail investors exposed. 

In short, without a clear roadmap for scaling or diversifying revenue, the SPAC stock remains a speculative play at best rather than a stable investment.