> SUBSCRIBE FOR FREE! 

The prices of Monaco Coach Corp. and Winnebago Industries Inc. stocks reached new 52-week highs in New York Stock Exchange trading today (Oct. 21) because of recent announcements by the two companies.
Monaco revealed its third-quarter earnings early today, and although its sales and earnings were below the levels of a year ago, Wall Street apparently is impressed with the progress Monaco has made so far to eliminate its excess inventory.
Monaco’s shares climbed as high as $23.08 today, easily surpassing its previous 52-week high of $20.41. The stock closed today at $22.20, up $2.91 a share, or 15%, for the trading session.
Meanwhile, Winnebago revealed after the stock market closed Monday (Oct. 20) that it would buy back 1.45 million shares of Winnebago stock from an investment partnership controlled by the family of the late John K. Hanson, the company’s founder.
The stock buy-back agreement, which was finalized Monday, reduced by 8% the number of outstanding shares of Winnebago stock. Consequently, an increase in Winnebago’s stock price to around $56 a share was expected today.
Winnebago’s stock climbed as high as $56.95 today, surpassing its previous 52-week high of $54.35 a share. The stock closed today at $56.23, up $3.62 a share, or 7%, for the trading session.