Week ending Aug. 27: LCI Industries (LCII:NYQ) shares unsteady

Public Policy
Stock market 1 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Shares in LCI Industries (LCII:NYQ), based in Elkhart, were unsteady on Wall Street in the week ending Aug. 27.

The lowest share price reached in the week was $125 compared to a high of $130.

LCI Industries in Elkhart employs 13,900 people and has reported $496,440,000 USD in income.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said “Overall, companies have beat analyst expectations on both earnings per share and revenue growth. But the latter has been particularly strong.”

George Sweeney, a qualified financial advisor writing for The Motley Fool, cautioned the market will have to cool eventually, though it may not be a full crash as some predict.

“The market seems to flinch with any piece of news. My view is there could be a drop in the stock market...but only if there is some significant bad news or a global event.”

Nothing in this article is to be assumed as financial advice.

Shares are considered unsteady when they change more than 3% both up and down during the time frame.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Share price of LCI Industries stocks in the week ending Aug. 27

DateShare Asking Price
Aug. 26$125
Aug. 24$130
Aug. 23$128.4
Aug. 22$129.01

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS