Stocks vs. Options: Which generates better returns?
Plug in your stock idea to find options trades offering a potentially better ROI.
NEW TO OPTIONS?
Visit our New to Options page to learn more.
Find out more »
February 8, 2010 2:52 EST Related Symbols: WGO
02:52 PM Eastern Standard Time, 02/08/2010 (MidnightTrader) — Winnebago Industries Inc. (WGO) is holding most of its gains in afternoon trading, up more than 7%, after an R.W. Baird upgrade this morning, largely on valuation following the stock’s recent plunge.
Analyst Craig Kennison lifted the stock to "neutral" from "underperform," citing 31% slide in value since hitting a 52-week high of $16.44 in October. The stock opened up 40 cents at $11.73 and hit a high of $12.48, before easing back 34 cents. The stock has traded as low as $3.14 over the past year.
While upgrading the stock, Kennison warned that the recreation vehicle maker has some distance to travel before it fully recovers. RV makers have been hit hard by the recession, but he cited a "robust" wholesale recovery, large order backlog and signs of improving retail demand as factors underlying his optimism about the stock.
Price: 12.16, Change: +0.83, Percent Change: +7.33
Two Traders, One Strategy Steve and Jared take a look at risk management strategies on the OH platform.
Navigating OptionsHouse Get to know the OH platform and all the tools you have at your disposal.