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Does the Market Like Winnebago Industries, Inc. (WGO) Stock After it Has Gained 0.40% in a Week?

Wednesday, July 22, 2020 12:11 PM | InvestorsObserver Analysts

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Does the Market Like Winnebago Industries, Inc. (WGO) Stock After it Has Gained 0.40% in a Week?

Overall market sentiment has been high on Winnebago Industries, Inc. (WGO) stock lately. WGO receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Winnebago Industries, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WGO!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WGO Stock Today?

Winnebago Industries, Inc. (WGO) stock is trading at $64.62 as of 12:08 PM on Wednesday, Jul 22, a rise of $0.41, or 0.64% from the previous closing price of $64.21. The stock has traded between $62.78 and $64.88 so far today. Volume today is below average. So far 251,142 shares have traded compared to average volume of 761,564 shares.

To screen for more stocks like Winnebago Industries, Inc. click here.

More About Winnebago Industries, Inc.

Winnebago Industries manufactures Class A, B, and C motor homes along with towables, customized specialty vehicles, and parts and services. With headquarters in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $2 billion in fiscal 2019. Class A motor homes account for 21% of motorized unit sales, Class B about 37%, and Class C holds the rest. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 83% of unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 44,420 in fiscal 2019. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft and bought premium motorhome maker Newmar in November 2019.

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