Fleetwood Enterprises Inc.’s stock slipped to a new 52-week low today (July 15) as a result of reporting substantial net losses on a day when investors were in a surly mood anyway.
Fleetwood shares traded for as little as $5.85 a share today, a new 52-week low, before closing at $6.10, down 84 cents for the day in New York Stock Exchange trading.
The previous 52-week low for Fleetwood stock was $6.80, set on Friday (July 12).
In fact, as a result of stock price declines that began last week, Fleetwood shares are trading lower now, adjusted for splits, than they did at any time during the past 10 years.
Certainly, the corporate accounting scandals that pushed the major stock market indexes to below their post-Sept. 11 lows have impacted the prices of other RV company stocks. But except for Fleetwood and dealership chain Holiday RV Superstores Inc., no others among RV industry-related stocks followed by RVBUSINESS.COM are trading close to their 52-week lows.
Almost all RV company stocks closed lower today, but one major producer, Coachmen Industries Inc., saw its share gain 41 cents to close at $13.96 a share.