Winnebago and Thor stocks reached new 52-week highs again today (Dec. 4).
For Winnebago, it was the third consecutive trading day when its shares reached a new 52-week high.
Winnebago has no explanation for the recent sharp rise in its stock price, except for the fact that its model year 2002 product line-up was well-received by dealers during the RV industry’s National Trade Show in Louisville last week, said Kelli Harms, spokeswoman for the Iowa-based firm.
Meanwhile, for Thor, its stock reached a new 52-week high for the second consecutive trading day.
Today, Winnebago stock reached a new 52-week high of $36.42 before settling back to close at $36.30 a share, up $1.55, or 4.5%, for the day. Winnebago’s previous 52-week high, set Monday, was $35.35.
Meanwhile, Thor stock climbed to $38.75 today before settling back to close at $38.50, up 40 cents for the day. Thor’s previous 52-week high, set Monday, was $38.24.
Thor issued an earnings report on Monday for the August-through-October period which stock market analysts believe shows Thor is out-performing most of its peers in the RV industry. Also, investors have responded positively to Thor’s recent acquisition of rapidly growing towables manufacturer Keystone RV.