MPX - Malibu Boats leads boating sector higher after Barron's nod
Johny87/iStock via Getty Images Malibu Boats ([[MBUU]] +5.0%) rallies after a favorable writeup in Barron's over the weekend. It is noted that a major reason to be positive on the boating stock is that demand is not drying up in the post-vaccination period. "People started saying a few months ago that demand would decelerate, but we haven’t seen it," states Malibu CEO Jack Springer in the piece. Malibu is called undervalued by the publication and noted to have high-tech features and industry-leading margins. Across the boating sector there is a rising tide as Brunswick Corporation ([[BC]] +1.5%), MarineMax ([[HZO]] +1.8%), MasterCraft Boat Holdings ([[MCFT]] +5.1%) and Marine Products Corporation ([[MPX]] +0.5%) are all higher on the day. Compare stocks in the boating sector side by side.
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Malibu Boats leads boating sector higher after Barron's nod