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Why Malibu Boats Stock Was Sinking Today

TheMotleyFool

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Why Malibu Boats Stock Was Sinking Today: https://g.foolcdn.com/editorial/images/763250/happy-friends-wine-boat-fun-wealth-rich-excited-water-ocean.jpg

Shares of Malibu Boats (NASDAQ: MBUU) were falling today after the recreational boat company missed estimates on the top line and offered disappointing guidance for the full year.

It was the latest sign of weakness for high-priced, consumer discretionary goods. As a result, the stock was down 18.1% as of 1:58 p.m. ET.

Image source: Getty Images.

Source Fool.com

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