(MENAFN- Investor Ideas) Investorideas ( ), a go-to platform for big investing ideas, reports on trading for MarineMax (NYSE: HZO ). The stock had a day's range of $32.18 - $36.49, currently trading at $36.13, up $7.65, gaining 26.83% on volume of over 1.3 Million shares.
The stock made big moves in today's trading based on reports from Bloomberg that OneWater Marine (NASDAQ: ONEW ) is in discussion to purchase the company
All boats float as OneWater stock is also seeing big gains, trading at $28.83, rising 2.99 for an 11.59% gain.
OneWater released news to comment on the speculation saying, "As a matter of policy, we do not comment on market rumors or speculation."
OneWater is a highly disciplined and seasoned acquiror within the fragmented boating industry. Since 2014, we have successfully executed more than 30 acquisitions that have contributed to increased shareholder value. This strong track record is anchored by our ability to meaningfully expand EBITDA of acquired companies through expeditious synergy realization.
As the world's largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services, MarineMax (NYSE: HZO) is United by Water. We have over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world's premier manufacturers of premium sport yachts and motor yachts; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth's surface. We're focused on the other 71%.
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