Harley-Davidson shares pare gains after comment on buyout speculation
- Wall Street climbs in wake of first presidential face-off
- Nike (NKE) Tops Q1 EPS by 17c; Futures Orders Miss Views
- Tempur Sealy (TPX) Updates on Outlook; Sees Q3 Sales Below Prior Expectations
- After-Hours Stock Movers 09/27: (SEED) (GALE) (CTAS) Higher; (GALT) (TPX) (NKE) Lower (more...)
The logo of Harley Davidson company is pictured on a motorcycle in Paris, France, May 8, 2016. REUTERS/Jacky Naegelen
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
(Reuters) - Harley-Davidson Inc. (NYSE: HOG) shares jumped nearly 7 percent early on Wednesday as speculation resurfaced the company was a buyout target of equity firm Kohlberg Kravis and Roberts.
Shares then pared gains after a company spokesperson said the company was not "aware of" anything specific that boosted the shares about 6.8 percent. At midday Harley shares were up about 3 percent.
"We don't comment on rumors," Maripat Blankenheim, Harley-Davidson spokesperson said. "Those kinds of rumors happen every now and again."
Earlier this year Harley shares surged 17 percent on takeover speculation.
(Reporting By Meredith Davis in Chicago; Editing by Andrew Hay)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stocks with Implied Volatility Movement
- Saudis Offer Oil Output Cut by 500K B/D vs Iran Freeze Caping Output at 3.6M B/D - Bloomberg, Citing Sky
- Stocks with call strike movement; DB NFLX
Create E-mail Alert Related CategoriesGeneral News, Reuters, Rumors, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!