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LiveWire Group (NYSE:LVWR) Shares Gap Down - What's Next?

LiveWire Group logo with Auto/Tires/Trucks background

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.85, but opened at $5.67. LiveWire Group shares last traded at $5.91, with a volume of 2,654 shares trading hands.

LiveWire Group Price Performance

The company has a market cap of $1.17 billion, a P/E ratio of -10.53 and a beta of 0.95. The business's 50 day moving average price is $6.25 and its 200-day moving average price is $6.81.

LiveWire Group (NYSE:LVWR - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported ($0.11) EPS for the quarter. The business had revenue of $4.45 million for the quarter. LiveWire Group had a negative return on equity of 52.93% and a negative net margin of 277.31%.

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp raised its position in shares of LiveWire Group, Inc. (NYSE:LVWR - Free Report) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,209 shares of the company's stock after buying an additional 1,530 shares during the quarter. 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 owned by institutional investors.

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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