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What is the Market's View on Winnebago Industries, Inc. (WGO) Stock's Price and Volume Trends Tuesday?

Tuesday, November 07, 2023 12:12 PM | InvestorsObserver Analysts

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What is the Market's View on Winnebago Industries, Inc. (WGO) Stock's Price and Volume Trends Tuesday?

Winnebago Industries, Inc. (WGO) stock has risen 7.30% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,neutral
Winnebago Industries, Inc. has a Neutral 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 indicator 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 $62.18 as of 12:02 PM on Tuesday, Nov 7, a rise of $0.02, or 0.03% from the previous closing price of $62.16. Volume today is less active than usual. So far 95,132 shares have traded compared to average volume of 498,766 shares. The stock has traded between $61.63 and $62.57 so far today. 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, boats, and parts. Headquartered in Eden Prairie, Minnesota, Winnebago has been producing recreational vehicles since 1958. Revenue was about $3.6 billion in fiscal 2021. Winnebago expanded into towables in 2011 with the acquisition of SunnyBrook and acquired Grand Design in November 2016. Towables made up 85% of the firm's RV unit volume, up from 31% in fiscal 2016. The company's total RV unit volume was 71,015 in fiscal 2021. Winnebago expanded into boating in 2018 with the purchase of Chris-Craft, bought premium motor home maker Newmar in November 2019, and bought Barletta pontoon boats in August 2021. Click Here to get the full Stock Report for Winnebago Industries, Inc. stock.

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