Shares of Harley-Davidson (HOG) Sees Large Outflow of Money

Harley-Davidson (HOG) : Money flow in the Harley-Davidson (HOG) stock was negative (7.43 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $14.52 million, compared to $21.95 million on downticks. The total uptick to downtick ratio was 0.66, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($6.03 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $6.03 million, indicating persistent selling. Harley-Davidson (HOG) traded $0.33 higher at $47.82 gaining 0.69% over the previous days close.


Harley-Davidson (HOG) : 12 investment research analysts covering Harley-Davidson (HOG) have an average price target of $50.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $62 and the lowest target is $40 for the short term. Analysts expect the variance to be within $5.68 of the average price. The stock has recorded a 20-day Moving Average of 4.92% and the 50-Day Moving Average is 4.62%.

Harley-Davidson (NYSE:HOG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.51 and $47.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.82, notching a gain of 0.69% for the day. The total traded volume was 2,134,312 . The stock had closed at $47.49 on the previous day.

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.

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