LiveWire Group, Inc. (NYSE:LVWR) Director Sells $365,936.73 in Stock

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) Director John L. Garcia sold 56,559 shares of LiveWire Group stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $6.47, for a total value of $365,936.73. Following the transaction, the director now directly owns 2,698,722 shares of the company's stock, valued at approximately $17,460,731.34. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

LiveWire Group Stock Performance

LVWR stock traded down $0.59 on Monday, reaching $5.08. The company had a trading volume of 1,244,421 shares, compared to its average volume of 1,009,743. The company's fifty day moving average is $2.60 and its 200 day moving average is $3.19. The company has a market cap of $1.03 billion, a P/E ratio of -11.04 and a beta of 1.73. LiveWire Group, Inc. has a 1 year low of $0.93 and a 1 year high of $9.04.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share 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%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LVWR. Rhumbline Advisers raised its position in shares of LiveWire Group by 21.9% in 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 last quarter. Nuveen LLC purchased a new stake in shares of LiveWire Group during the 1st quarter valued at $43,000. Wexford Capital LP purchased a new position in shares of LiveWire Group in the 4th quarter worth $87,000. JPMorgan Chase & Co. boosted its holdings in LiveWire Group by 120.5% in the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock valued at $320,000 after acquiring an additional 36,357 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position 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 valued at $224,000 after acquiring an additional 5,968 shares during the period. 0.88% of the stock is currently 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.