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Is Winnebago Industries, Inc. (WGO) a Stock to Watch This Week?

Monday, August 03, 2020 01:57 PM | InvestorsObserver Analysts

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Is Winnebago Industries, Inc. (WGO) a Stock to Watch This Week?

Winnebago Industries, Inc. (WGO) stock has fallen 2.62% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
Winnebago Industries, Inc. has a Bearish 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.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With WGO Stock Today?

Winnebago Industries, Inc. (WGO) stock is trading at $62.42 as of 1:54 PM on Monday, Aug 3, a gain of $2.01, or 3.33% from the previous closing price of $60.41. The stock has traded between $61.29 and $63.09 so far today. Volume today is less active than usual. So far 212,786 shares have traded compared to average volume of 726,488 shares.

To see the top 5 stocks in the Recreational Vehicles industry 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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