LiveWire Group, Inc. (NYSE:LVWR) Director John L. Garcia Sells 49,998 Shares

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) Director John L. Garcia sold 49,998 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $7.49, for a total value of $374,485.02. Following the completion of the sale, the director now owns 2,755,281 shares in the company, valued at $20,637,054.69. This represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

LiveWire Group Stock Performance

Shares of NYSE:LVWR traded down $0.59 on Monday, hitting $5.08. 1,244,421 shares of the company's stock were exchanged, compared to its average volume of 1,009,743. LiveWire Group, Inc. has a 1-year low of $0.93 and a 1-year high of $9.04. The company has a market capitalization of $1.03 billion, a PE ratio of -11.04 and a beta of 1.73. The firm's 50-day moving average is $2.60 and its 200 day moving average is $3.19.

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

Analysts Set New Price Targets

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

Institutional Trading of LiveWire Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in LiveWire Group by 120.5% during the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after buying an additional 36,357 shares during the last quarter. Nuveen LLC purchased a new position in LiveWire Group during the first quarter worth about $43,000. Wexford Capital LP acquired a new stake in LiveWire Group in the fourth quarter valued at about $87,000. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 5,968 shares in the last quarter. Finally, Rhumbline Advisers increased its position in LiveWire Group by 21.9% during 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 during the period. 0.88% of the stock is owned by hedge funds and other institutional investors.

About LiveWire Group

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.