Wall Street, particularly companies included in the Nasdaq composite, took it on the chin Friday.
And RV company stocks were no exception. All but two, Holiday RV Superstores and Spartan Motors, closed lower Friday. Retailer Holiday RV Superstores gained 3/16 to close at 4 3/8, while diesel pusher chassis supplier Spartan Motors inched up 1/16 to close at 2 3/16.
The Nasdaq fell 171 points, or 5.4%, Friday as the meltdown of dot.com company stock prices continued. Friday’s plunge wiped-out all Nasdaq composite gains over the last 12 months.
However, the Dow Jones Industrial Average also declined 231 points, or 2.1%, on Friday.
Fleetwood and Winnebago were two RV manufacturers whose shareholders had unpleasant days Friday. Fleetwood, which announced key senior management changes Thursday, declined 11/16, or 5%, to close at 13 1/8.
Meanwhile, Winnebago stock fell 15/16, or 8%, to close at 10 3/4. No news was issued by Winnebago Friday to explain the sharp decline.
Coachmen announced plans on Friday to permanently close its towable RV manufacturing plant in Oregon. However, Coachmen stock closed only marginally lower Friday. It declined 1/8 to close at 7 5/8.
Here is a roundup of RV company stock activity Friday:
Thor declined 3/8 to close at 20 7/16
Monaco declined 1/4 to close at 14 3/8
National RV declined 1/16 to close at 8 3/4
Skyline declined 3/8 to close at 20 1/8
SMC declined 1/16 to close at 2 7/16
Rexhall was unchanged at 4 11/16
Kit was unchanged at 4 7/8
Coast Distribution was unchanged at 1
Featherlite was unchanged at 2 1/8
Starcraft declined 1/4 to close at 3 1/2