LiveWire Group (NYSE:LVWR) Sees Large Volume Increase – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares saw unusually-strong trading volume on Friday . Approximately 35,525 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 43,664 shares.The stock last traded at $3.79 and had previously closed at $3.78.

LiveWire Group Stock Performance

The company has a market capitalization of $743.90 million, a PE ratio of -7.18 and a beta of 1.00. The stock’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $6.11.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share 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

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the completion of the sale, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. The trade was 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 accessible through this hyperlink. Insiders sold a total of 12,729 shares of company stock valued at $76,841 in the last 90 days. 1.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LVWR. JPMorgan Chase & Co. raised its stake in shares of LiveWire Group by 201.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock valued at $184,000 after acquiring an additional 20,144 shares during the period. Barclays PLC increased its holdings in LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after purchasing an additional 19,474 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in LiveWire Group by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after purchasing an additional 1,530 shares during the period. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.