Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) were down 8.2% during trading on Friday . The company traded as low as $3.17 and last traded at $3.07. Approximately 19,429 shares were traded during trading, a decline of 58% from the average daily volume of 46,147 shares. The stock had previously closed at $3.35.
LiveWire Group Trading Up 2.8 %
The stock has a market cap of $635.36 million, a price-to-earnings ratio of -6.13 and a beta of 0.95. The firm's 50-day moving average is $4.80 and its two-hundred day moving average is $5.85.
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 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 owns 456,772 shares in the company, valued at $2,763,470.60. The trade was a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have 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 owned by insiders.
Institutional Investors Weigh In On LiveWire Group
A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC grew its holdings in LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 289.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,210 shares of the company's stock after purchasing an additional 19,474 shares during the period. Barclays PLC's holdings in LiveWire Group were worth $159,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.88% of the company's stock.
About LiveWire Group
(
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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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