Problems are mounting for Harley-Davidson. According to Forbes, the iconic motorcycle maker will move off the S&P 500 by the conclusion of June. Going forward, they will be part of Standard and Poor’s MidCap 400 list of stocks
The company’s short-term future looks challenging. Compared to last April, sales are down almost 18 percent. Moreover, Harley-Davidson experienced major personnel changes and saw its stock drop to the $25 range, a steep decline from years prior.
Because of COVID-19, Harley-Davidson was forced to shut down for two months. The company faces other issues, too. This includes a search for new buyers, increased competition, and an eroding customer base.