Thor Industries Inc. stock almost reached $70 a share in New York Stock Exchange trading today (May 28).
Thor shares traded for as much as $69.96, a new 52-week high, before closing at $69.83, up $1.15 a share for the day.
Thor’s previous 52-week high was $69.25 established last Thursday (May 23).
Thor stock reached new 52-week highs on several occasions in recent days because of the success of its acquisition of Keystone RV Co., which propelled it into the retail market share leadership position for travel trailers and fifth-wheels, and because of its strong earnings during the three months ended April 30.
In contrast, Thor stock traded around $38 a share six months ago and around $26 a share a year ago. Thor stock reached its 52-week low of $21.50 a share shortly after Sept. 11.