LiveWire Group (NYSE:LVWR) Trading Down 4.5% – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR) was down 4.5% during trading on Thursday . The stock traded as low as $3.79 and last traded at $3.76. Approximately 4,863 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 43,539 shares. The stock had previously closed at $3.93.

LiveWire Group Stock Down 3.6 %

The firm’s 50 day simple moving average is $5.27 and its 200 day simple moving average is $6.11. The company has a market cap of $770.32 million, a price-to-earnings ratio of -7.43 and a beta of 1.00.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share (EPS) for the quarter. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. The business had revenue of $4.45 million for the quarter.

Insider Activity at LiveWire Group

In related news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares in the company, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 12,729 shares of company stock worth $76,841 over the last ninety days. 1.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LiveWire Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVWR. Barclays PLC lifted its stake in LiveWire Group by 289.1% during the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after purchasing an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of LiveWire Group by 201.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock worth $184,000 after acquiring an additional 20,144 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of LiveWire Group by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock worth $362,000 after acquiring an additional 1,530 shares during the last quarter. 0.88% of the stock is owned by institutional investors.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.