These two Stocks Were Mashed at MondayThe Motley Fool #Canopy_GrowthOctober 10, 2019
Harley-Davidson’s LiveWire electric motorcycle.
Image source: Harley-Davidson.
A report published today by Reuters detailed the company’s struggles to capture a new market for its first electric motorcycle, the LiveWire.
In fiscal 2018, the company posted its steepest year-over-year sales decline in years.
The report from Reuters, based on interviews with 40 dealerships throughout the U.S., indicate that the bike is not popular, and the purchasers tend to be boomers who are existing motorcycle riders.
Unfortunately, it doesn’t seem that the company has much of a plan B at the moment.
Not for the first time in recent days, alcoholic drinks maker Constellation Brands ( NYSE:STZ ) took a hit on the stock market.
It fell by almost 3% on Monday.
Canopy Growth has been an albatross for Constellation lately, with a stock price slide negatively affecting the latter company’s results.
Maybe Constellation investors want to see Canopy Growth buy assets that have bigger potential customer bases and/or are more directly complementary to its core business.
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