Why Shares of Camping World Are Falling Today
Shares of Camping World Holdings (NYSE: CWH) were down more than 13% on Thursday afternoon, significantly worse than the S&P 500's 3.4% fall, despite no apparent company-specific news. In a risk-off environment investors appear unwilling to hold onto shares of a retailer that has disappointed repeatedly in recent years, including a recent earnings report.
Camping World shareholders have endured a rocky ride since the company's 2016 IPO, with the shares off nearly 50% since then. The camping and recreational vehicle retailer has been plagued by an industrywide slowdown in RV sales, coupled with company-specific issues including its ill-fated decision to buy the Gander Outdoors brand.
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Source Fool.com
