Monaco Coach shares tumble to 12-year low

The stock tumbled 35 cents, or 10.1 percent, to close at $3.10. Earlier in the session, shares touched $3.06, a level not seen since 1996. It has dipped to new lows in the past four consecutive sessions.

RV makers such as Monaco have suffered acutely from record-high fuel prices. Last week, Winnebago Industries Inc. reported a sharply lower fiscal third-quarter profit due to weaker motor home sales and high gas prices.

Shares of Monaco declined even as oil prices fell. Light, sweet crude for August delivery fell $2.45 to settle at $134.55 on the New York Mercantile Exchange. Gas prices remained above $4 a gallon.