Why Shares of Camping World Holdings Are Down Today
Shares of Camping World Holdings (NYSE: CWH) traded down 13% on Wednesday and are now down 34% over the past five trading days, despite no company-specific news. In theory, the COVID-19 coronavirus-related travel plunge could be good for business, encouraging consumers to avoid planes and hotels and go camping instead. But investors appear worried that consumers are in no mood to buy.
Camping World shares have struggled since the company's 2016 IPO, losing more than 64% of their value in the years since. 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
