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Five RV industry-related companies saw their stock prices reach new 52-week highs today (Feb. 27), possibly because Fed. Chairman Alan Greenspan also told Congress today that the economic recession is almost over.
Among the five firms was Thor Industries Inc., the retail market share leader in towable RVs, which saw its stock price climb briefly above $50 a share.
Thor stock reached as high as $50.26, a new 52-week high, in New York Stock Exchange trading today, before closing at $50.00, up 57 cents for the day.
Meanwhile, for the third consecutive day, motorhome manufacturer Winnebago Industries Inc. saw its stock gain more than $1.00 a share in a single trading session.
Winnebago stock climbed as high as $47.94 today, a new 52-week high, before closing at $47.50, up $1.41 for the day.
Coachmen Industries Inc., a manufacturer of motorhomes, towable RVs and modular structures, also reached a new 52-week high today of $18.15 a share. Coachmen stock closed at $18.01, up 21 cents for the day.
Drew Industries Inc., a supplier of Lippert towable RV chassis and Kinro doors and windows, reached a new 52-week high today of $14.50. Its stock closed at $14.35, up 75 cents for the day.
Coast Distribution System Inc. stock also reached a new 52-week high of $1.75 today, before closing at $1.45, unchanged for the day.