Investors in RV company stocks had a tough day today (Sept. 10).
Wall Street apparently has pushed farther into the future its forecast for increases in RV company profits, based upon the unexpectedly high unemployment rate released by the government on Friday (Sept. 7).
Consequently, stock prices of recent high flyers Winnebago, Thor and Monaco slid lower during the last two trading days.
Winnebago’s stock price fell $2.41 a share today to close at $25.49. Winnebago’s stock also declined $1.42 on Friday.
Thor shares declined $1.49 today to close at $28.96. Thor’s stock price also slipped 95 cents on Friday.
Meanwhile, Monaco’s stock, after an adjustment for the three-for-two stock split on Friday, declined $1.29 today to close at $16.64. Monaco’s stock also declined $1.67 on Friday.
Fleetwood was the only member of the RV industry’s “Big Six” to see its stock price rise today. Fleetwood gained 12 cents today to close at $13.90. On Friday, Fleetwood shares declined 36 cents.
Coachmen stock also slipped 53 cents today to close at $11.97. On Friday, Coachmen shares declined 28 cents.
National RV shares slid 28 cents lower today to close at $12.87. On Friday, National RV stock declined 9 cents.