Here's Why Harley-Davidson Stock Plunged Today
Iconic motorcycle maker Harley-Davidson (NYSE: HOG) surprised investors with an announcement this morning that is punishing its stock. Shares sank more than 11% in early trading, and remained down 8.1% as of 10:38 a.m. ET.
Harley put out an astonishing statement this morning announcing that it is suspending all vehicle assembly and shipments for the next two weeks, with the exception of its new fully electric bike. The company said that late Tuesday it received information from a third-party supplier "concerning a regulatory compliance matter relating to the supplier's component part."
Source Fool.com
