Investors apparently have come to like Coachmen’s plan to buy Miller Building Systems because Coachmen shares gained 5/8, or 6%, on Thursday to close at 11 1/4.
Meanwhile, Thor, which attempted to takeover Coachmen last spring, saw its stock price slip 1/8 on Thursday to close at 23 1/4.
Van conversion OEM and auto industry supplier Starcraft also saw its stock lose 21/32, or 10% of its value Thursday, to close at 5 31/32. No news reports were issued by Starcraft Thursday to explain the decline.
Otherwise, most RV stocks closed higher, as did the Nasdaq composite and the Dow Jones Industrial Average.
The Nasdaq gained 42 points, or 1.1%, and the Dow climbed 38 points, or 0.3% as investors placed bets on technology stocks on the assumption they will continue to do well as the economy slows.
Here is a round up of RV company stock activity on Thursday:
Fleetwood gained 5/16 to close at 14 1/16
Winnebago gained 3/16 to close at 13
Monaco declined 3/4 to close at 17 1/16
National RV gained 5/16 to close at 9 3/8
Skyline gained 5/16 to close at 21 5/8
SMC was unchanged at 3 5/16
Holiday RV Superstores was unchanged at 4 1/8
Rexhall gained 1/8 to close at 5 1/8
Kit was unchanged at 6 1/2
Coast Distribution was unchanged at 1 9/16
Featherlite was unchanged at 3
Spartan Motors gained 1/16 to close at 2 9/16