Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 19,446 shares changed hands during trading, a decline of 4% from the previous session's volume of 20,245 shares.The stock last traded at $4.76 and had previously closed at $4.93.
LiveWire Group Trading Up 1.0 %
The company has a market capitalization of $1.01 billion, a PE ratio of -9.76 and a beta of 1.00. The stock's 50-day moving average is $5.70 and its two-hundred day moving average is $6.34.
LiveWire Group (NYSE:LVWR - Get Free Report) 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 during the quarter.
Insider Activity
In related news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares of the company's stock, valued at $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On LiveWire Group
Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company's stock worth $159,000 after buying an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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. Finally, Bank of New York Mellon Corp raised its position 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 in the last quarter. 0.88% of the stock is currently owned by hedge funds and other institutional investors.
LiveWire Group Company Profile
(
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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