Why Holley Crumpled 24% in July

·2 min read

Shares of high-performance auto parts manufacturer Holley (NYSE: HLLY) ran off the road in July, according to data from S&P Global Market Intelligence, plunging 23.9% and all of it coming at the very end of the month. Holley provided a preliminary look at its second-quarter results and revised full-year guidance lower, which caused the market to slam the brakes in what had been looking like a good month for the auto parts maker.