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LiveWire Group (NYSE:LVWR) Shares Gap Up - Should You Buy?

LiveWire Group logo with Auto/Tires/Trucks background

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $6.44, but opened at $6.65. LiveWire Group shares last traded at $6.52, with a volume of 2,565 shares.

LiveWire Group Price Performance

The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -12.59 and a beta of 0.95. The firm has a 50 day moving average price of $6.21 and a 200-day moving average price of $6.68.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share (EPS) 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 for the quarter.

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp grew its position in LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,209 shares of the company's stock after purchasing an additional 1,530 shares during the period. Bank of New York Mellon Corp's holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. 0.88% of the stock is currently owned by 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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