Wednesday, October 01, 2008

Fleetwood shares surge after huge Monday drop

NEW YORK (AP) -- Shares of recreational vehicle maker Fleetwood Enterprises Inc. rebounded Tuesday from their steep sell-off during Monday's session.

The stock jumped 31 cents, or 41 percent, to $1.05 in afternoon trading. The gains follow a dramatic drop in Fleetwood's shares on Monday, when the stock tumbled 57 cents, or 43 percent, to close at an all-time low of 75 cents. Trading of Fleetwood shares was halted for a time on Monday.

A Fleetwood spokeswoman said in an e-mail she knew of no news that would have affected the stock price so dramatically the past two days.
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