Why Harley-Davidson Stock Is Falling 7% Today
Shares of Harley-Davidson (NYSE: HOG) were pulling back almost 7% in morning trading Thursday after a two-day run following its earnings report that saw the stock rise by more than 30%.
After the motorcycle maker saw its stock lose nearly two-thirds of its value in just the last five months, as sales showed no sign of reversing their decline, investors might be taking some profits. The stock had been trading at lows it had not seen since the Great Recession of the last decade, so the surge in value let investors lock in gains.
Image source: Harley-Davidson.
Source Fool.com
