Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) Director Sells 49,998 Shares of Stock

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) Director John L. Garcia sold 49,998 shares of LiveWire Group stock in a transaction dated Wednesday, June 11th. The stock was 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 of the company's stock, valued at approximately $20,637,054.69. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

LiveWire Group Stock Down 10.2%

LVWR stock traded down $0.64 during midday trading on Friday, reaching $5.62. The stock had a trading volume of 922,982 shares, compared to its average volume of 1,004,856. The business has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $3.23. The firm 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 twelve month low of $0.93 and a twelve month high of $9.04.

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

Institutional Trading of LiveWire Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVWR. JPMorgan Chase & Co. grew its position in shares of 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 period. Nuveen LLC acquired a new position in shares of LiveWire Group during the 1st quarter worth about $43,000. Wexford Capital LP acquired a new position in shares of LiveWire Group during the 4th quarter worth about $87,000. Charles Schwab Investment Management Inc. grew its position in shares of LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock worth $224,000 after buying an additional 5,968 shares during the period. Finally, Rhumbline Advisers grew its position in shares of 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 buying an additional 3,167 shares during the period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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