An unusually high 521,000 Monaco share changed hands in New York Stock Exchange trading Friday, although Monaco’s stock price did not move much.
Monaco declined 3/8, or 2.8%, to close at 13. No news was released by the company to explain why the high trading volume occurred.
Typically, around 80,000 Monaco shares are traded daily.
Meanwhile, Thor declined 1 1/16, or 4.7%, to close at 21 5/16, on relatively light volume. Only 18,000 Thor shares changed hands.
Otherwise, the movement of the broader market on Friday highlighted the divide between “new economy” stocks, primarily information technology firms, and “old economy” manufacturing firm stocks, which includes RV firms.
The tech-heavy Nasdaq gained 49 points, or 1.3%, on Friday, continuing a strong recovery that began two weeks ago. The Nasdaq now has moved to within 200 points of wiping out all of its losses for the year.
Meanwhile, the Dow Jones Industrial average, the bastion of so-called old economy stocks, fell 55 points, or 0.5%, on Friday. Proctor & Gamble, which warned its earnings would be lower, contributed significantly to the decline.
Meanwhile, most RV company shares were unchanged Friday. Here is a round-up:
Fleetwood was unchanged at 15 7/16
Winnebago declined 5/16 to close at 13 1/8
Coachmen was unchanged at 12 5/8
National RV gained 1/4 to close at 9 3/8
Skyline gained 1/16 to close at 21 1/8
SMC was unchanged at 3 3/4
Holiday RV Superstores gained 3/16 to close at 4 3/4
Rexhall declined 3/16 to close at 5 5/8
Kit was unchanged at 6 7/8
Coast Distribution was unchanged at 2
Featherlite was unchanged at 3 1/4
Spartan Motors was unchanged at 4 1/16
Starcraft was unchanged at 8