Large Inflow of Money Detected in Harley-Davidson

Harley-Davidson (HOG) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $5.86 million worth of transactions were on upticks, whereas, the downticks accounted for $3.73 million worth of transactions. The net money flow was a positive $2.13 million and the uptick to downtick ratio was 1.57. The net money flow into the stock was $1.93 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.93 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Harley-Davidson (HOG) was trading at $48, down $0.26 during day. The stock slid -0.54% over the previous days close. For the week, the stock recorded -0.21% over the previous weeks close.


Also, Equity Analysts at the Stifel Nicolaus downgrades the rating on Harley-Davidson (NYSE:HOG). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 15, 2016.

Harley-Davidson (NYSE:HOG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.38 and $47.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.35, notching a gain of 2.26% for the day. The total traded volume was 2,707,987 . The stock had closed at $48.26 on the previous day.

The stock has recorded a 20-day Moving Average of 4.43% and the 50-Day Moving Average is 7.46%. In a related news, The Securities and Exchange Commission has divulged that Kumbier Michelle, officer (SVP, Motor Co. Product & Ops) of Harley Davidson Inc, had unloaded 26,667 shares at an average price of $46.25 in a transaction dated on May 10, 2016. The total value of the transaction was worth $1,233,349.

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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