Why Shares of Camping World Holdings Are Up Today
Shares of Camping World Holdings (NYSE: CWH) traded up more than 14% on Monday afternoon after a prominent investor talked up the stock during an interview. The gains came on a day when markets were already feeling optimistic about the U.S. soon beginning to reopen following the COVID-19 pandemic.
Camping World, a leader in recreational vehicle (RV) sales, has been hit hard by the pandemic, with shares off by nearly 40% even after Monday's gains on concerns that the U.S. economy post-pandemic will fall into a recession. The fear is that consumers tend to put off large discretionary purchases at times of economic uncertainty, and few will want to invest in an RV until the economy recovers.
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Source Fool.com
