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Why Camping World Holdings Stock Jumped Friday

TheMotleyFool

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Why Camping World Holdings Stock Jumped FridayPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png

Shares of outdoor and camping retailer Camping World Holdings (NYSE: CWH) jumped 10.5% on Friday. The gain was likely due to investor optimism over Abrams Capital Management's significant purchase of the stock.

Image source: Getty Images.

In a filing with the Securities and Exchange Commission, Camping World revealed that Abrams Capital had increased its stake in the company from about 5.5 million shares to 6.1 million. The increased stake cost Abrams Capital $5.2 million.

Source Fool.com

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