Harley-Davidson Stock Fights Back From 10% Drop

Shares of Harley-Davidson (NYSE: HOG) slid 5% in morning trading Thursday as fear of a second wave of COVID-19 cases weighed on the market.

While the motorcycle company had opened almost 10% down, the decline in the stock represents the worry that a new coronavirus outbreak could set back the economy just as it is beginning to reopen.

Harley-Davidson was already having trouble selling motorcycles when the economy was doing well, but the lockdown on business has likely turned off the spigot on almost all sales this quarter.

Source Fool.com