Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) CEO Sells 35,699 Shares of Stock

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

LiveWire Group Stock Down 10.2%

LVWR stock traded down $0.64 during mid-day trading on Friday, reaching $5.62. 922,982 shares of the company traded hands, compared to its average volume of 1,000,905. The firm's 50 day moving average price is $2.53 and its 200 day moving average price is $3.23. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -12.22 and a beta of 1.73. LiveWire Group, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $9.04.

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

Hedge Funds Weigh In On LiveWire Group

A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its position in LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after purchasing an additional 3,167 shares in the last quarter. Nuveen LLC purchased a new stake in shares of LiveWire Group during the first quarter valued at approximately $43,000. Wexford Capital LP bought a new stake in LiveWire Group during the fourth quarter worth $87,000. Charles Schwab Investment Management Inc. lifted its holdings in LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock worth $224,000 after acquiring an additional 5,968 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in 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 owned by hedge funds and other institutional investors.

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.

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