LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $4.26 and last traded at $4.26, with a volume of 12242 shares trading hands. The stock had previously closed at $4.52.
LiveWire Group Stock Down 6.0 %
The company's 50 day simple moving average is $5.57 and its two-hundred day simple moving average is $6.24. The company has a market capitalization of $863.81 million, a price-to-earnings ratio of -8.33 and a beta of 1.00.
LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings data 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.
Insiders Place Their Bets
In other news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 456,772 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On LiveWire Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVWR. Barclays PLC raised its holdings in shares of LiveWire Group by 289.1% during the third 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. raised 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 valued at $184,000 after buying an additional 20,144 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted 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 valued at $362,000 after buying 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
(
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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