LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) shares saw strong trading volume on Friday . 37,123 shares changed hands during trading, an increase of 10% from the previous session's volume of 33,859 shares.The stock last traded at $4.46 and had previously closed at $4.39.
LiveWire Group Stock Down 8.3 %
The company has a market capitalization of $818.08 million, a P/E ratio of -7.89 and a beta of 1.00. The firm's 50-day moving average price is $5.42 and its 200 day moving average price is $6.19.
LiveWire Group (NYSE:LVWR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.11) EPS for the quarter. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. The company 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 LiveWire Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the sale, the chief executive officer now directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is owned by insiders.
Institutional Investors Weigh In On LiveWire Group
Several large investors have recently made changes to their positions in the business. Barclays PLC increased its stake in shares of LiveWire Group by 289.1% during the 3rd quarter. Barclays PLC now owns 26,210 shares of the company's stock worth $159,000 after purchasing an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in LiveWire Group by 201.0% during the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company's stock valued at $184,000 after purchasing an additional 20,144 shares during the period. Finally, Bank of New York Mellon Corp increased 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 worth $362,000 after buying an additional 1,530 shares during the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.
About LiveWire Group
(
Get Free Report)
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.
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