Harley-Davidson Inc.’s Menomonee Falls plant workers have reportedly rejected the company's labor offer to their union.
Citing sources familiar with the matter, Milwaukee Business Journal reported that members of United Steelworkers Local 2-209 rejected the motorcycle behemoth's new contract offer Monday. The workers plan to continue working under a short-term extension of the old contract, according to an anonymous employee’s interview with WTMJ's Tony Bettack. The employee mentioned that he expects renewed negotiations to last "a couple of weeks," but that they don't have any firm deadline yet.
"This isn't really a thing about money," the employee reportedly said to WTMJ. "The language in the contract is really bad on certain issues."
HOG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 03, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on April 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HOG as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
HOG moved below its 50-day moving average on April 24, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HOG crossed bearishly below the 50-day moving average on April 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HOG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for HOG entered a downward trend on April 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HOG's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HOG advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
HOG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.828) is normal, around the industry mean (45.197). P/E Ratio (8.943) is within average values for comparable stocks, (54.447). Projected Growth (PEG Ratio) (4.619) is also within normal values, averaging (2.522). Dividend Yield (0.015) settles around the average of (0.037) among similar stocks. P/S Ratio (1.083) is also within normal values, averaging (7.047).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HOG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HOG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of motorcycles, parts and accessories
Industry RecreationalProducts