Broader Markets Quiet, RV Stocks Mixed
RV company stocks were mixed Wednesday while the broader markets were quite.
The Nasdaq composite index declined 58.6 points, or 1.7%, while the Dow Jones Industrial Average dipped 4.8 points, or 0.05%, on Wednesday.
Fleetwood reported sharply lower fourth fiscal quarter earnings on Wednesday primarily due to the sluggish manufactured housing market and a softer-than-expected motorhome market during the three months ended April 30. However, the stock market had little reaction because Fleetwood warned Wall Street during April that its earnings would be lower.
Fleetwood gained 1/16 on Wednesday to close at 14 1/4.
Here is a round up of RV company stock moves on Wednesday:
Winnebago declined 1/8 to close at 14
Thor gained 3/16 to close at 23 3/8
Coachmen declined 9/16 to close at 11 15/16
Monaco declined 3/16 to close at 14 3/8
National RV declined 1/16 to close at 11 5/16
Skyline gained 5/8 to close at 20 5/8
SMC was unchanged at 3 7/8
Holiday RV Superstores was unchanged at 4 1/4
Rexhall declined 1/8 to close at 5 11/16
Kit was unchanged at 6 1/2
Coast Distribution was unchanged at 2
Featherlite gained 3/16 to closed at 3 5/16
Starcraft gained 1/8 to close at 7 7/8