Several major RV manufacturers saw their stocks participate in the market rally today (Nov. 21).
Thor Industries Inc., the leading manufacturer of travel trailers and fifth-wheels, posted the biggest gain, $2.61 a share, or 7%, to reach a new 52-week high.
Thor stock climbed as high as $38.84 today before closing at $38.36 in New York Stock Exchange trading. Thor’s previous 52-week high was $37.18, which was reached last summer.
Investors in Winnebago, Monaco and Coachmen shares also had reason to smile.
Winnebago’s stock gained $2.13, or nearly 5%, today to close at $49.13. Earlier in today’s session, Winnebago’s shares climbed as high as $50.31, within striking distance of its 52-week high of $51.43.
Meanwhile, Monaco’s shares gained $1.06, or nearly 7%, today to close at $17.36 a share.
Earlier this fall, Monaco’s stock slipped to a new 52-week low of $14.30. The stock’s 52-week high is $30.70.
Coachmen’s shares also climbed 99 cents, or 7%, higher today to close at $15.54. Coachmen’s 52-week high is $19.50 while its 52-week low is $9.93.
The stock market rallied because of the strong earnings report issued by tech sector giant Hewlett-Packard and positive news about the general state of the economy.