LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) insider Ryan Ragland sold 6,891 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $7.11, for a total value of $48,995.01. Following the completion of the transaction, the insider now directly owns 127,625 shares in the company, valued at approximately $907,413.75. This trade represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
LiveWire Group Trading Down 10.2%
Shares of NYSE LVWR traded down $0.64 during mid-day trading on Friday, hitting $5.62. The company had a trading volume of 922,982 shares, compared to its average volume of 1,008,799. LiveWire Group, Inc. has a one year low of $0.93 and a one year high of $9.04. The company has a market capitalization of $1.14 billion, a PE ratio of -12.22 and a beta of 1.73. The firm has a 50-day simple moving average of $2.60 and a two-hundred day simple moving average of $3.21.
LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.74 million for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%.
Institutional Investors Weigh In On LiveWire Group
A number of hedge funds and other institutional investors have recently made changes to their positions in LVWR. Rhumbline Advisers raised its position in 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 purchasing an additional 3,167 shares in the last quarter. Nuveen LLC bought a new stake in shares of LiveWire Group during the first quarter worth $43,000. Wexford Capital LP bought a new stake in shares of LiveWire Group during the fourth quarter worth $87,000. Charles Schwab Investment Management Inc. grew its stake in shares of 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 last quarter. Finally, JPMorgan Chase & Co. grew 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 purchasing an additional 36,357 shares during the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised LiveWire Group to a "sell" rating in a research note on Saturday.
Check Out Our Latest Stock Analysis on LVWR
About LiveWire Group
(
Get Free Report)
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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