LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 63,311 shares changed hands during trading, an increase of 140% from the previous session's volume of 26,387 shares.The stock last traded at $5.29 and had previously closed at $5.55.
LiveWire Group Stock Performance
The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -10.61 and a beta of 0.94. The business has a fifty day moving average price of $6.08 and a 200 day moving average price of $6.58.
LiveWire Group (NYSE:LVWR - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $4.45 million for the quarter. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%.
Insider Activity
In related news, CEO Karim Donnez sold 9,202 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 12,729 shares of company stock valued at $76,841. Company insiders own 1.92% of the company's stock.
Institutional Trading of LiveWire Group
A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp lifted its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,209 shares of the company's stock after acquiring an additional 1,530 shares during the quarter. Bank of New York Mellon Corp's holdings in LiveWire Group were worth $362,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.88% of the company's stock.
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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