Shares of renowned motorcycle manufacturer Harley-Davidson (NYSE:HOG) have been foundering lately due to macroeconomic headwinds and bearish investor sentiment. So, given surging market volatility amid the rapid spread of the COVID-19 omicron variant, will HOG be able to regain momentum soon? Read more to find out.Milwaukee, Wis.-based Harley-Davidson, Inc. (HOG) is the largest motorcycle manufacturer in the United States, with more than 100 years of experience. It has a market cap of $5.40 billion.
However, shares of HOG have slumped 20% in price over the past six months, given bearish investor sentiment surrounding the automobile industry. In comparison, First Trust NASDAQ Global Auto Index ETF (CARZ) has declined 1.9% over this period.
So, here is what we think could shape HOG’s performance in the near term: