LiveWire Group, Inc. (NYSE:LVWR) Director John L. Garcia Sells 56,559 Shares

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) Director John L. Garcia sold 56,559 shares of the business's 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 $17,460,731.34. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

LiveWire Group Stock Performance

Shares of NYSE:LVWR traded down $0.64 on Friday, hitting $5.62. 922,982 shares of the company's stock were exchanged, compared to its average volume of 1,004,856. The firm's 50-day moving average is $2.53 and its 200 day moving average is $3.23. The company has a market capitalization of $1.14 billion, a PE ratio of -12.22 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 announced its earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $2.74 million during the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%.

Institutional Trading of LiveWire Group

Large investors have recently made changes to their positions in the company. Rhumbline Advisers raised its stake 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 acquiring an additional 3,167 shares during the last quarter. Wexford Capital LP purchased a new position in shares of LiveWire Group during the 4th quarter worth approximately $87,000. Nuveen LLC purchased a new position in shares of LiveWire Group during the 1st quarter worth approximately $43,000. Charles Schwab Investment Management Inc. grew its holdings in shares of LiveWire Group by 14.7% in 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. grew 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 period. 0.88% of the stock is 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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