LiveWire Group (NYSE:LVWR) Shares Down 5.3% - Time to Sell?

Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) traded down 5.3% on Wednesday . The stock traded as low as $5.04 and last traded at $5.04. 92,556 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,018,812 shares. The stock had previously closed at $5.32.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded LiveWire Group to a "sell" rating in a research report on Saturday, June 14th.

LiveWire Group Stock Down 12.9%

The company has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.19. The stock has a market cap of $867.21 million, a P/E ratio of -9.91 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last announced its quarterly earnings data 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 net margin of 367.05% and a negative return on equity of 70.38%.

Insider Activity at LiveWire Group

In related news, Director John L. Garcia sold 56,559 shares of the company'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 sale, the director now directly owns 2,698,722 shares of the company's stock, valued at $17,460,731.34. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Karim Donnez sold 54,661 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $5.50, for a total value of $300,635.50. Following the completion of the sale, the chief executive officer now directly owns 989,120 shares in the company, valued at approximately $5,440,160. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 276,896 shares of company stock worth $1,943,431 over the last quarter. 2.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveWire Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in LiveWire Group by 21.9% in the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after purchasing an additional 3,167 shares during the period. Nuveen LLC purchased a new stake in shares of LiveWire Group in the first quarter worth $43,000. Wexford Capital LP purchased a new stake in shares of LiveWire Group in the fourth quarter worth $87,000. Charles Schwab Investment Management Inc. grew 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 worth $224,000 after acquiring 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 acquiring an additional 36,357 shares during the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.