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There is an old Wall Street saying, “Buy on bad news, sell on good.” Well, it rang true Wednesday for Fleetwood and Coast Distribution.

Fleetwood, which announced Wednesday that it would report a loss for the quarter ended Oct. 29, saw its stock price gain 1/16 to close at 13 1/4.

Meanwhile, Coast Distribution, which revealed Wednesday that it lost almost $1 million during the quarter ended Sept. 30, also gained 1/16, to close at 1 1/8.

Otherwise, most RV company stocks closed lower, as did the Nasdaq composite and the Dow Jones Industrial Average.

The Dow lost 72 points, or 0.7%, while the Nasdaq declined 37 points, or 1.1%, on Wednesday.

Here is roundup of other RV stock activity Wednesday:

Winnebago gained 1/4 to close at 11 13/4

Thor declined 1/4 to close at 19 3/4

Coachmen declined 1/8 to close at 8 1/4

Monaco declined 3/4 to close at 16 5/16

National RV declined 1/8 to close at 9 1/4

Skyline declined 1/8 to close at 21 9/16

SMC was unchanged at 2 7/8

Holiday RV Superstores gained 3/16 to close at 4 1/2

Rexhall was unchanged at 5 1/16

Kit was unchanged at 4 7/8

Featherlite declined 1/8 to close at 2 1/2

Spartan Motors declined 3/32 to close at 2 13/32

Starcraft was unchanged at 3 1/8