Harley-Davidson (HOG) : Traders are bullish on Harley-Davidson (HOG) as it has outperformed the S&P 500 by a wide margin of 10.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.43% in the last 1 week, and is up 11.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.8% and the 50-Day Moving Average is 11.39%. Harley-Davidson (NYSE:HOG): On Fridays trading session , Opening price of the stock was $53.75 with an intraday high of $54.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.41. However, the stock managed to close at $53.72, a loss of 0.11% for the day. On the previous day, the stock had closed at $53.78. The total traded volume of the day was 1,308,496 shares.
The company Insiders own 0.99% of Harley-Davidson shares according to the proxy statements. Institutional Investors own 89.5% of Harley-Davidson shares. Also, Barclays downgrades their rating on the shares of Harley-Davidson (NYSE:HOG). The current rating of the shares is Underperform. Earlier, the shares were rated a Equal-weight by the brokerage firm. Equity Analysts at the Firm maintains the price target to $45 per share. The rating by the firm was issued on August 1, 2016.
Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment consists of HDMC, which designs, manufactures and sells street-legal Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services. The Companys products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS, which provides wholesale and retail financing, and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world, including in North America, Europe, the Middle East and Africa (EMEA); Asia-Pacific, and Latin America.