Karim Donnez Sells 35,699 Shares of LiveWire Group, Inc. (NYSE:LVWR) Stock

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) CEO Karim Donnez sold 35,699 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $7.50, for a total value of $267,742.50. Following the sale, the chief executive officer now owns 1,087,256 shares of the company's stock, valued at $8,154,420. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

LiveWire Group Price Performance

LiveWire Group stock traded down $0.59 during midday trading on Monday, reaching $5.08. The company's stock had a trading volume of 1,245,455 shares, compared to its average volume of 1,009,806. The stock's 50-day simple moving average is $2.66 and its 200-day simple moving average is $3.18. LiveWire Group, Inc. has a 52-week low of $0.93 and a 52-week high of $9.04. The stock has a market capitalization of $1.03 billion, a P/E ratio of -11.04 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. The business had revenue of $2.74 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after purchasing an additional 3,167 shares during the last quarter. Wexford Capital LP purchased a new position in shares of LiveWire Group in the fourth quarter worth about $87,000. Nuveen LLC purchased a new position in shares of LiveWire Group in the first quarter worth about $43,000. Charles Schwab Investment Management Inc. raised its stake in shares of LiveWire Group by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock worth $224,000 after purchasing an additional 5,968 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of LiveWire Group by 120.5% in the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after purchasing an additional 36,357 shares during the last quarter. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded LiveWire Group to a "sell" rating in a research note on Saturday.

LiveWire Group Company Profile

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.