The stock market sailed higher Friday but RV company shares, generally, showed little movement.
The broader stock market gained because a report suggesting the labor market is cooling off led Wall Street to believe that the Federal Reserve’s effort to slow-down the economy was succeeding.
The Nasdaq composite climbed 231 points, or 6%, while the Dow Jones Industrial average gained 143 points, or 1%, on Friday.
National RV shares continued to taking it on the chin Friday, declining 1/2, or 5%, to close at 9 1/4. On Thursday, National RV warned that its second quarter earnings would be below expectations because it has to deeply discount its slow-selling model year 2000 single-slide units.
Here is a round up of RV company stock moves on Friday:
Fleetwood gained 5/8 to close at 15 1/16
Winnebago declined 7/16 to close at 14
Thor declined 5/16 to close at 22 7/8
Coachmen declined 5/16 to close at 11 11/16
Monaco gained 1/4 to close at 14 7/16
Skyline gained 1/8 to close at 21 1/4
SMC was unchanged at 3 7/8
Holiday RV Superstores was unchanged at 4 1/2
Rexhall was unchanged at 5 13/16
Kit was unchanged at 6 9/16
Coast Distribution was unchanged at 2
Featherlite declined 3/8 to closed at 3 1/4
Spartan Motors declined 1/4 at 4 1/4
Starcraft was unchanged at 8