Getty ImagesIconic American motorcycle maker Harley-Davidson [HOG] continues to struggle. The company will move off the S&P 500 in the next week and will land on Standard and Poor’s MidCap 400 list of stocks instead, according to the Milwaukee Journal Sentinel. Clothier Nordstrom Inc. and Alliance Data Systems Corp. will also fall off the S&P 500. The drop from the index could hurt the stock price since many investors include companies in the S&P 500 as part of their portfolios. MORE FROM FORBES Jochen Zeitz Takes Command As CEO At Harley-Davidson: What Might Help Turn Things Around?

Source: Forbes June 18, 2020 14:26 UTC