Action Sports Stock Index Slides 2% In December, Ends Year Up 18%

Despite slipping 2% in December, the TransWorld Business Action Sports Index (TWBASI) ended the year up 17.8% as the market and industry continued to recover from the recession. Movers of note in December were Nike, who underwent a 2 for 1 stock split (value denotes ongoing value) and climbed over 6% on the month, as well as Quiksilver, which was up over 5% as well. On the downside, The Buckle was off 15%, Skullcandy continued its slide; shedding over 10%; and VF Corp, which was clipped 6%.