LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) shares shot up 8.2% on Thursday . The stock traded as high as $2.51 and last traded at $2.51. 3,475 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 43,171 shares. The stock had previously closed at $2.32.
LiveWire Group Stock Up 0.6 %
The stock has a market capitalization of $533.53 million, a P/E ratio of -5.71 and a beta of 0.94. The firm's 50 day simple moving average is $4.24 and its two-hundred day simple moving average is $5.54.
LiveWire Group (NYSE:LVWR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.11) EPS for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. During the same period in the prior year, the business earned ($0.16) earnings per share.
Insider Activity
In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the firm's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value 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. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 12,729 shares of company stock worth $76,841 over the last quarter. 1.92% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On LiveWire Group
A number of institutional investors and hedge funds have recently made changes to their positions in LVWR. Barclays PLC raised its stake in shares of 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 purchasing an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in LiveWire Group by 201.0% during the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company's stock worth $184,000 after buying an additional 20,144 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in LiveWire Group by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after buying an additional 5,968 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company's stock.
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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