Why Shares of Brunswick Were Climbing Today
Shares of Brunswick (NYSE: BC) soared 11% on Thursday despite no company-specific news. The markets are focused on the prospect that at least parts of the nation will be reopening in the weeks to come, which is raising hopes of a quick recovery, with consumers soon reopening their wallets to make discretionary purchases.
Brunswick, a recreational boat manufacturer, has seen its shares crater due to the COVID-19 pandemic. Consumers aren't thinking about buying boats during a stay-at-home order, and they could find it hard to make such a big-ticket purchase once the pandemic is contained should the economy fall into a recession.
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Source Fool.com
