LiveWire Group, Inc. (NYSE:LVWR) Director Sells $304,800.00 in Stock

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) Director William L. Cornog sold 40,000 shares of LiveWire Group stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $7.62, for a total value of $304,800.00. Following the transaction, the director now owns 196,739 shares of the company's stock, valued at $1,499,151.18. The trade was a 16.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

LiveWire Group Price Performance

Shares of NYSE LVWR traded down $0.64 during mid-day trading on Friday, reaching $5.62. The company's stock had a trading volume of 922,982 shares, compared to its average volume of 1,008,799. The firm 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 52 week low of $0.93 and a 52 week high of $9.04. The stock has a fifty day moving average of $2.60 and a two-hundred day moving average of $3.21.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of LiveWire Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in LiveWire Group by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after buying an additional 5,968 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of LiveWire Group by 120.5% in the fourth 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 acquired a new position in LiveWire Group during the fourth quarter worth $87,000. Nuveen LLC purchased a new stake in LiveWire Group in the first quarter valued at $43,000. Finally, Rhumbline Advisers raised its holdings in shares of LiveWire Group by 21.9% in the 1st 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. Institutional investors own 0.88% of the company's stock.

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.