Four RV manufacturers – Coachmen, Monaco, Thor and Winnebago – saw their stock prices hit new 52-week highs today (June 27).
The Federal Reserve Board lowered interest rates again today, apparently encouraging investors to buy RV company stocks on the assumption that the economy will avoid a recession and RV retail sales, and company profitability, will improve.
Posting the biggest gain today was Monaco. Its stock traded as high as $29.00 and it closed at $28.93, up $2.20.
The next big winner was Winnebago. Its stock climbed as high as $28.70 and it closed at $28.48, up $1.52.
Meanwhile, Thor stock traded as high as $31.23 and it closed at $30.60, up 70 cents.
Coachmen also climbed as high as $13.00. Its stock closed at $12.96, up 11 cents.
For a complete wrap-up of RV company stock price activity, click on “RV Stocks” on RVBUSINESS.COM.