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Another day, more new 52-week highs for the stocks of Thor and some other RV industry firms.
That’s how you could describe this past week, which was profitable for many investors in RV stocks, despite being to tough period of time for the stock market in general.
Investors either are attracted by the long-term growth prospects for RV company profits or they are trying to ride the industry’s cycle up to a new near term peak.
Thor has had the highest stock price in the RV industry for several months and today (April 12), its shares climbed $1 higher to close at $56.51, a new 52-week high.
Meanwhile, diesel pusher chassis supplier Spartan Motors saw its shares climb as high as $10.15 today, a new 52-week high, before closing up 52 cents for the day at $10.02.
Skyline, a producer of manufactured homes and towable RVs, also saw its shares rise as high as $32.85, a new 52-week high, before closing at $32.65, up 74 cents for the day.