TransWorld Action Sports Index Posts Third Straight Record High

The TransWorld Business Action Sports Index (TWBASI) posted its third straight record high, ending March up  nearly 2% to 40.3, the first time it has cleared the 40 mark.

Last month’s standouts were led by Vail Resorts, climbing nearly 14% on the month. Iconix was up 10%, and Luxottica and Nike both climbed 8% through March. VF Corp and The Buckle got 4% bumps as well

The anchors holding the average back included Jarden, whose shares plummeted nearly 31% on the month, Billabong, which was off another 15%, and Skullcandy, shedding another 13% of its value.