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As was the case during the last 10 days with almost all companies with stock on the market, the price of many RV companies’ stocks lost several dollars per share in value.
But there was a bit of a rebound today (July 24) with several RV company stocks gaining more than 5% in value in a single day’s trading.
One exception was Fleetwood Enterprises Inc., which saw its stock hit a new 52-week low of $4.04 a share in New York Stock Exchange trading today. Fleetwood’s previous 52-week low was $4.15 a share reached on Tuesday (July 23).
Fleetwood stock closed at $4.22 today, down 8 cents for the trading session.
Meanwhile, Thor Industries Inc., Winnebago Industries Inc., Monaco Coach Corp. and diesel pusher chassis supplier Spartan Motors Inc. were the industry’s big winners on the stock market today.
Thor stock gained $2.58 a share, or 10%, today to close at $28.30. However, Thor stock remains significantly below its 52-week stock split-adjusted high of $36.80 a share, which was reached earlier this summer.
Winnebago stock also climbed $2.25 a share, or 7%, higher today to close at $35.05, but it remains well below its 52-week high of $51.43 reached during the spring.
Monaco stock gained $1.24 a share, or 8%, today to close at $16.81, but it also is well below its 52-week high of $30.70.
Spartan stock climbed $1.90, or 19%, higher today to close at $12.10 a share. Spartan stock now is relatively close to its 52-week high of $15.80.
Another RV industry supplier, Drew Industries Inc., reported sharply higher second quarter RV-related sales and earnings today, and its stock price climbed $1.00 a share, or 7%, higher today to close at $14.50. Drew also is relatively close to its 52-week high of $17.15.