HOG - Why Harley-Davidson Slid 14% This Week
Shares of Harley-Davidson (NYSE: HOG) were hammered 13.7% from where they closed last Friday, according to data from S&P Global Market Intelligence , after the motorcycle giant announced it was suspending all assembly and shipments for a two-week period.
A third-party supplier notified Harley on Tuesday that it was facing a regulatory compliance issue relating to the component part it made for Harley. The motorcycle maker said it was shutting down production "out of an abundance of caution."
Image source: Harley-Davidson.
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Why Harley-Davidson Slid 14% This Week