Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) Insider Sells 6,891 Shares of Stock

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) insider Ryan Ragland sold 6,891 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $7.11, for a total transaction of $48,995.01. Following the completion of the sale, the insider now directly owns 127,625 shares of the company's stock, valued at $907,413.75. This represents a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

LiveWire Group Stock Down 10.2%

LVWR stock traded down $0.64 during mid-day trading on Friday, hitting $5.62. 922,982 shares of the company were exchanged, compared to its average volume of 1,008,799. The firm has a market capitalization of $1.14 billion, a P/E ratio of -12.22 and a beta of 1.73. The business has a fifty day simple moving average of $2.60 and a 200-day simple moving average of $3.21. LiveWire Group, Inc. has a 12-month low of $0.93 and a 12-month 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 for the quarter. The company 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake 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 purchasing an additional 3,167 shares during the period. Wexford Capital LP purchased a new position in shares of LiveWire Group in the fourth quarter valued at approximately $87,000. Nuveen LLC purchased a new position in shares of LiveWire Group in the first quarter valued at approximately $43,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 5,968 shares during the period. Finally, 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 valued at $320,000 after purchasing an additional 36,357 shares during the period. Hedge funds and other institutional investors own 0.88% of the company's stock.

Analyst Ratings Changes

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

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.