Wed, Jul 3 2013 12:36 am |
After posting record highs for the past four consecutive months, the TransWorld Business Action Sports Index (TWBASI), which tracks 14 publicly traded action sports companies’ stocks, stabilized to end June, closing the month down just 0.11% to 44.17 from 44.22. While the index was off slightly, this still registers as its second highest level since its inception in January 2008.
While most smaller cap stocks were off slightly as the market softened in general, growth amongst companies like Nike (+3%), PacSun (+10%), and VF Corp (+5%) kept the TWBASI near its record high. On the downside, Billabong’s stock plunged nearly 70% and Quikislver was off 18% from May’s closing numbers.
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