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Why Thor Industries Gained 30% in May

TheMotleyFool

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Shares of Thor Industries (NYSE: THO) were gaining last month as RVs suddenly became hot due to the COVID-19 pandemic. With vacations generally limited and traditional options like cruises or even airline travel unavailable or risky, that leaves limited options for discretionary spending. Reports emerged from a number of sources that RV sales boomed during the month.

Thor also benefited from reopening its North American assembly operations after shutting them because of the outbreak. According to data from S&P Global Market Intelligence, the stock finished the month up 30%. As you can see from the chart below, the stock gained steadily over the month with the exception of a brief setback.