Winnebago (WGO) Hits 52-Week Low: Thinking of Buying the Dip?

Image Source: Zacks Investment Research Recreational vehicles had emerged as a rare travel winner in 2020 and 2021. But the party for this pandemicwinning industry finished in 2022 amid economic uncertainties. Per the RV Industry Association, RV sales have almost halved from their 2021 peak. Motorhomes and towable trailers witnessed their worst year in more than a decade in 2023. Given the macroeconomic softness, elevated interest rates and persistent inflation, industry participants like Winnebago, Thor In ...