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Market Movers Today: Harley-Davidson Inc (HOG), Callidus Software Inc. (CALD), Parsley Energy Inc (PE), and More

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Harley-Davidson Inc (NYSE:HOG) (CNBC)
Harley-Davidson on Tuesday forecast that motorcycle shipments would drop this year and reported that they barely met the bottom of its 2017 target, sending its shares down sharply in premarket trading. Shipments in 2017 were the lowest in six years. Worldwide retail motorcycle sales were down 6.7 percent last year from a year ago. In the United States, its biggest market, sales dropped 8.5 percent year on year. The figures underscored Harley’s challenges as its core customer base gets older and younger customers, more sensitive to pricing, remain lukewarm to its brand.

Callidus Software Inc. (NASDAQ:CALD) (Madison.com)
What happened: Shares of Callidus Software Inc. (NASDAQ: CALD) were surging higher today after SAP SE (NYSE: SAP) said it would acquire the cloud-computing company for $36 a share or a 21% premium over Callidus’ 30-day weighted average share price. As of 10:48 a.m. EST, the stock was up 10.2%, trading at $36.05. So what: Callidus’ board unanimously approved the deal valued at $2.4 billion. SAP, the German enterprise software provider, sees an opportunity to strengthen its position in the American cloud software market.

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Parsley Energy Inc (NYSE:PE) (The Motley Fool)
What happened: Shares of Parsley Energy (NYSE:PE) dropped on Tuesday and were down nearly 13% at 10:45 a.m. EST. Fueling the sell-off was the Permian Basin producer’s operational update for the fourth quarter and its plans for 2018, neither of which analysts liked. So what: Parsley Energy said that it produced between 80,000 to 81,000 barrels of oil equivalent per day (BOE/D) during the fourth quarter, which pushed its full-year average to 68,000 BOE/D. That was at the top of the company’s guidance range, and up a remarkable 78% from 2016.

Thomson Reuters Corp (NYSE:TRI) (Benzinga)
Thomson Reuters Corp surged 10.4 percent to $47.96 after the company confirmed advanced discussions with Blackstone regarding potential partnership in Financial & Risk business.

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