Thor and Winnebago Stocks Plunge Over Inventory Concerns

Above, The Beast at Crater Lake National Park. Photo by Armand Vaquer.

Stocks plunged a bit for two of the big players in the RV industry, Winnebago Industries and Thor Industries.

According to Investor's Business Daily:

Iconic RV firms Winnebago (WGO) and Thor Industries (THO) plunged in heavy volume Friday, extending recent losses as an analyst raised concerns over dealer inventories. 

Northcoast Research lowered both stocks to a neutral rating from buy due to concerns that dealer inventory is at an "unsustainable level" for 2018. 

Winnebago fell 8.4% to 44.88 on the stock market today. On Thursday, shares tumbled more than 8%, losing sight of their 50-day moving average. Thor Industries plunged 7.7% to 139.81, joining Winnebago below its 50-day line.

To read more, go here.