Today (May 2) was an excellent day for several RV company stocks with a number of them increasing in value more than 5%.
Among the group was Fleetwood Enterprises Inc., which saw its price increase $1.07 a share, or 21%, today to close at $6.18 a share.
The New York Stock Exchange (NYSE) contacted Fleetwood today to ask if the company had an explanation for the unusual trading activity, which included more than 1 million of its shares changing hands.
Fleetwood executives replied this afternoon that they had no explanation except that the company issued a report Thursday afternoon (May 1) about its performance up until Sunday (April 27), the end of its fiscal year 2003.
In its preliminary financial report, Fleetwood stated, among other things, that its motorhome sales revenue increased 9% and its travel-trailer and fifth-wheel sales revenue increased 19% in its fourth fiscal quarter.
Fleetwood’s full financial report will be issued in about a month.
Although other RV companies apparently did not get inquiries from the NYSE, Fleetwood was not alone in experiencing a sharp stock price rise.
Thor Industries Inc.’s stock gained $2.55 a share, or 8%, today to close at $34.05 and Winnebago Industries Inc.’s gained $2.47 a share, or 7%, to close at $38.95.
Monaco Coach Corp.’s stock gained $1.19, or 9%, today to close at $14.59 and Coachmen Industries Inc.’s stock gained 60 cents a share, or 5%, to close at $13.25.