Harley-Davidson ( (HOG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Harley-Davidson’s stock took a hit despite beating Wall Street expectations, primarily due to ongoing sales challenges and a heavy reliance on its financial services. The recent earnings boost, largely attributed to a strategic deal with KKR and PIMCO through Harley-Davidson Financial Services, hasn’t eased investor concerns. The decline in core motorcycle sales poses a significant challenge for the new CEO, Artie Starrs, as he attempts to revitalize the iconic brand.
More about Harley-Davidson
YTD Price Performance: -8.20%
Average Trading Volume: 1,690,069
Technical Sentiment Signal: Sell
Current Market Cap: $3.3B
For further insights into HOG stock on TipRanks’ Stock Analysis page.
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