HOG Report for 12/5/2008
Although Harley Davidson stock has remained fairly low, the
prices have steadied out a bit amidst this rocky market. The
closing price two weeks ago were looking to drop below ten dollars a
share as HOG neared it lowest point in decades, but the drop appears to have
ceased for the time being. The steady
decline had begun to attract new players to the market, and this small surge in
sales allowed prices during the Thanksgiving week were creeping up near the 18
dollar mark at times on “Black Friday”.
HOG closed at 17.01 for the week of November 28th, marking
the highest point for a full week this month, and last week was the first week
in some time that the price saw a steady incline.
Unfortunately, reports of low spending on the day after
Thanksgiving, which is normally one of the busiest shopping days of the year,
along with reports of increasing unemployment have caused the market to stumble
one again. This week opened at $16.55,
but by closing on Monday, it had dropped to $14.71, but prices have gradually
risen this week, with Thursday closing at $16.06. Prices today have been fluctuating around the
high 15 to low 16 dollar mark, so while the price may not close as high as last
week, it still appears to be holding steady.
Even during these slow periods of consumer spending, Harley
Davidson has continued with business as usual, announcing the American release
of the XR1200, which is supported by a British racing series featuring the
XR1200. The American automakers have
spent their time pleading for government money and discussing model cuts, but
Harley has rolled on, worldwide. Do you
think that the moves made by the company lately, such as launching the XR1200
in the
have helped the price of HOG to settle? Discuss it here!