LiveWire Group, Inc. (NYSE:LVWR) CEO Sells $300,635.50 in Stock

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) CEO Karim Donnez sold 54,661 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $5.50, for a total value of $300,635.50. Following the completion of the sale, the chief executive officer now owns 989,120 shares in the company, valued at $5,440,160. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Karim Donnez also recently made the following trade(s):

• On Wednesday, June 11th, Karim Donnez sold 35,699 shares of LiveWire Group stock. The stock was sold at an average price of $7.50, for a total transaction of $267,742.50.

LiveWire Group Trading Down 3.2%

Shares of NYSE:LVWR traded down $0.19 during trading on Friday, reaching $5.62. The company's stock had a trading volume of 365,764 shares, compared to its average volume of 2,162,529. The stock has a market capitalization of $1.14 billion, a PE ratio of -13.06 and a beta of 1.73. LiveWire Group, Inc. has a 12 month low of $0.93 and a 12 month high of $9.04. The firm's 50 day simple moving average is $2.86 and its two-hundred day simple moving average is $3.22.

LiveWire Group (NYSE:LVWR - Get Free Report) last issued its quarterly earnings data 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 367.05% and a negative return on equity of 70.38%.

Institutional Trading of LiveWire Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 5,968 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of LiveWire Group by 120.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after acquiring an additional 36,357 shares during the last quarter. Wexford Capital LP purchased a new position in shares of LiveWire Group during the 4th quarter worth about $87,000. Nuveen LLC bought a new position in LiveWire Group during the 1st quarter valued at about $43,000. Finally, Rhumbline Advisers grew its holdings in LiveWire Group by 21.9% during the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock valued at $35,000 after purchasing an additional 3,167 shares during the last quarter. Hedge funds and other institutional investors own 0.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of LiveWire Group to a "sell" rating in a research report on Saturday, June 14th.

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.