Harley-Davidson is surging
Motorcycle maker Harley-Davidson share prices shot up 12% in trading Friday amid rumors that private-equity firm Kohlberg Kravis Roberts could be mulling a takeover of the famous American brand.
Harley stock surged to $51 in afternoon trading, at times up almost $6.
The previous day's close was $45.
That was a comeback from a year-to-date low of $37. Harley-Davidson has traded as high as $61 in the past 12 months, but the manufacturer of big, loud bikes has come under competitive pressure of late from newer market entrants, such as Polaris Industries-owned Indian, and smaller, sportier motorcycles from the Japanese and Italian manufacturers, such as Ducati.
Screenshot via Yahoo Finance
NOW WATCH: 7 mind-blowing things Elon Musk believes
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
- Axis Bank posts net profit of ₹7,129 cr in March quarter
- 7 Best tourist places to visit in Rishikesh in 2024
- From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
- 7 Things to do on your next trip to Rishikesh