LiveWire Group, Inc. (NYSE:LVWR) CEO Karim Donnez Sells 54,661 Shares

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) CEO Karim Donnez sold 54,661 shares of the company'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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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

LiveWire Group Price Performance

LiveWire Group stock traded up $0.08 during mid-day trading on Tuesday, hitting $5.20. The company's stock had a trading volume of 1,245,529 shares, compared to its average volume of 1,010,746. The business has a 50 day moving average price of $2.66 and a 200-day moving average price of $3.18. LiveWire Group, Inc. has a 12 month low of $0.93 and a 12 month high of $9.04. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -11.31 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. The company 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%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On LiveWire Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock valued at $35,000 after buying an additional 3,167 shares during the period. Nuveen LLC bought a new stake in LiveWire Group during the 1st quarter valued at approximately $43,000. Wexford Capital LP purchased a new position in shares of LiveWire Group during the 4th quarter worth approximately $87,000. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 5,968 shares during the period. Finally, JPMorgan Chase & Co. raised its position 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 in the last quarter. 0.88% of the stock is owned by 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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