Why Shares of Camping World Are Plunging Today
Shares of Camping World Holdings (NYSE: CWH) traded down 33% on Wednesday despite no company-specific news. Investors are increasingly pricing in a recession, and it is hard to imagine a substantial uptick in RV sales in the middle of a downturn.
Camping World shares have struggled since the company's 2016 IPO, hit hard by an industrywide slowdown in RV sales made worse by an ill-fated decision to buy the Gander Outdoors brand. The shares are now down more than 80% from the IPO price.
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Source Fool.com
