HOG - Harley-Davidson Stock Fights Back From 10% Drop
Shares of Harley-Davidson (NYSE: HOG) slid 5% in morning trading Thursday as fear of a second wave of COVID-19 cases weighed on the market.
While the motorcycle company had opened almost 10% down, the decline in the stock represents the worry that a new coronavirus outbreak could set back the economy just as it is beginning to reopen.
Harley-Davidson was already having trouble selling motorcycles when the economy was doing well, but the lockdown on business has likely turned off the spigot on almost all sales this quarter.