Harley-Davidson Inc. (HOG) traded on unusually high volume on Apr. 19, as the stock lost 0.88% to close at $ 56.41. On the day, Harley-Davidson Inc. saw 3.75 million shares trade hands on 26,942 trades. Considering that the stock averages only a daily volume of 2.23 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $ 63.40 and $ 41.63 over the last 52-weeks, its 50-day SMA is now $ 59.18, and its 200-day SMA $ 55.44. Harley-Davidson Inc. has a P/B ratio of 5.16. It also has a P/E ratio of 14.9.
Harley-Davidson Inc produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services. It operates in two segments, Motorcycles and Related Products, and Financial Services.
Headquartered in Milwaukee, WI, Harley-Davidson Inc. has 5,400 employees and is currently under the leadership of CEO Matthew S. Levatich.
For a complete fundamental analysis analysis of Harley-Davidson Inc., check out Equities.com’s Stock Valuation Analysis report for HOG.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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