Why Shares of Camping World Holdings Accelerated in June
America, after an extended COVID-19 shutdown, is reopening. Or at least parts of it are. And that is proving to be a boon to sales of recreational vehicles. Camping World Holdings (NYSE: CWH) followed up a strong May performance with a 28.2% gain in June, according to data provided by S&P Global Market Intelligence, as consumers rethink their summer vacation plans.
Camping World shareholders have been on a rough ride since the company's 2016 initial public offering, with the shares both gaining and losing more than 60% of their value at various points since. In 2020 alone the stock lost more than half of its value in March as the pandemic rocked markets, but is now up more than 600% from those lows.
Image source: Getty Images.
Source Fool.com
