Harley-Davidson (HOG) : The total negative money flow of $0.87 million on Tuesday indicates selling on strength. The inflow of money on upticks was $4.52 million, compared to $5.39 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.84. The negative money flow of $0.92 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $0.92 million in a block trade.The transaction value of block trade on downtick was $0.1 million. The price action in the Harley-Davidson (HOG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $52.79 with a gain of $0.46 , a change of 0.88% over the previous days close. The stock registered 0.42% for the week.
Also, In a research note released to the investors, Barclays downgrades its rating on Harley-Davidson (NYSE:HOG).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. In a recent information released to the investors, Barclays maintains the price target of $45 per share. The rating by the firm was issued on August 1, 2016.
Harley-Davidson, Inc. has dropped 2.39% in the last five trading days, however, the shares have posted positive gains of 2.11% in the last 4 weeks. Harley-Davidson, Inc. is up 14.1% in the last 3-month period. Year-to-Date the stock performance stands at 18.23%.
Harley-Davidson (NYSE:HOG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.44 and $52.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.75, notching a gain of 0.80% for the day. The total traded volume was 1,077,414 . The stock had closed at $52.33 on the previous day.
In a related news,The officer (President-HDFS) of Harley Davidson Inc, Hund Lawrence G sold 12,537 shares at $53.23 on August 5, 2016. The Insider selling transaction had a total value worth of $667,345. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.