The Dow Jones Industrial Average gained while the Nasdaq composite lost ground Monday as investors shifted funds into blue chips amid worries that a slowing economy will hurt technology sector revenues.
The Dow climbed 102 points, or 0.9%, while the Nasdaq composite slipped 17 points, or 0.7%, on Monday.
Most RV company stocks closed higher including Coachmen, which gained 57 cents, or 5%, to close at $11.44. Coachmen gained despite the fact it revealed, last month, that it will report a loss for the fourth quarter. Coachmen may issue its earnings report this week.
A distributor firm with some RV industry customers, Kevco, gained 3/32 on Monday, to close at 11/32, despite the fact it filed Chapter 11 bankruptcy on Monday. Kevco also announced it plans to sell one of its divisions, Design Components, to Adorn LLC, for $13.5 million, subject to bankruptcy court approval.
Here is a roundup of the other RV company stock activity on Monday:
Fleetwood declined 22 cents to close at $13.88
Winnebago declined 28 cents to close at $17.72
Thor gained 36 cents to close at $25.06
Monaco declined 63 cents to close at $20.10
National RV declined 55 cents to close at $10.82
Skyline gained 12 cents to close at $22.37
SMC declined 5/16 to close at 3 15/16
Holiday RV Superstores gained 3/16 to close at 3 15/16
Rexhall gained 1/8 to close at 6 3/8
Kit gained 10 cents to close at $3.72
Coast Distribution was unchanged at 95 cents
Featherlite gained 5/16 to close at 2 3/4
Spartan Motors gained 5/16 to close at 2 11/16
Starcraft gained 1/32 to close at 1 29/32