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For the second consecutive day, the stock of California-based Class A motorhome builder Rexhall Industries reached a new 52-week high, and by a wide margin.
Today (June 12), Rexhall, a Nasdaq Stock Market-listed company, saw its shares climb as high as $11.64, surpassing its previous 52-week high of $10.60, established Tuesday (June 11).
Tuesday’s high eclipsed Rexhall’s previous 52-week high of $9.70 a share.
Rexhall’s stock closed today at $11.35, up $1 a share, or 10%, for the trading session.
Rexhall has not issued any public statements in recent days to explain the stock price movement.
Meanwhile, the stock of diesel pusher chassis supplier Spartan Motors gained 73 cents, or 6%, today to close at $13.70, a new 52-week high. Spartan’s previous 52-week high was $13.60.
Earlier today, Spartan revealed that John Sztykiel was named CEO and David Wilson was named chairman of the corporation. They replace company co-founder George Sztykiel, who retired effective Tuesday.
John Sztykiel, son of George Sztykiel, has 17 years experience at Spartan and was president and COO before his promotion.
Wilson’s background is in the auto and heavy-truck industries and he will serve as a non-executive chairman.
Meanwhile, the stock of Thor Industries declined $4.15 a share, or 6%, today to close at $65.00.
Thor announced Tuesday that it will split its stock 2 for 1 effective July 8, doubling the number of outstanding shares to 28.4 million.
In theory, a 2 for 1 stock split would cut Thor’s stock price in half. The company, which saw its stock trade near $70 a share in recent days, decided to engage in a stock split because there are more potential buyers for a stock priced around $35 a share than there would be for a stock priced around $70 a share.