Shares of Camping World climbed 23.6 percent in January, according to data from S&P Global Market Intelligence, after the RV retailer announced a broad management shake-up to spur its performance.
This story by Steve Symington originally appeared in The Motley Fool.
For perspective, the S&P 500 also climbed 8 percent last month, rebounding from a 9 percent plunge in December on worries of slowing global economic growth. And Camping World, for its part, plummeted 39 percent in December, capped by a 10 percent drop on New Year’s Even alone when its dealership president, Roger Nuttall, unexpectedly resigned without explanation. So perhaps unsurprisingly, Camping World stock popped 12 percent on Jan. 2 alone, after the company announced its “executive management realignment” with the goal “to improve performance and process in key areas.”
More specifically, Camping World revealed that Nuttall’s responsibilities will be divided between company Chairman and CEO Marcus Lemonis and four divisional company presidents: TJ Smith, Scott Jensen, Todd Nuttall, and Josh Erickson.