Winnebago Industries led an RV company stock price rally on Thursday (June 21).
Five of the six largest RV producers saw their stock prices climb more than 5% on Thursday and three companies – Winnebago, Monaco and National RV – established new 52-week highs.
Thor was the only member of the RV industry “Big Six” that did not see its stock price increase more than 5% Thursday. However, Thor’s stock gained $1.17 to close at $29.00 on Thursday.
The release of a report early Wednesday (June 20) showing that a widely followed index of leading economic indicators now is pointing in the direction of improving economic conditions, most likely, was the reason for the RV stock price rally.
Also, Winnebago issued its earnings report after the stock market closed Wednesday, and its profit for the three months ended May 26 exceeded Wall Street market analysts’ expectations by a wide margin.
For a complete run down on the prices of 15 RV company stocks, please click on the “RV Stocks” link on RVBUSINESS.COM