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

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of LiveWire Group to a "sell" rating in a research note on Saturday, June 14th.

LiveWire Group Trading Down 6.6%

The business has a 50 day simple moving average of $3.04 and a two-hundred day simple moving average of $3.20. The company has a market cap of $1.01 billion, a PE ratio of -11.56 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.74 million for the quarter. LiveWire Group had a negative return on equity of 70.38% and a negative net margin of 367.05%.

Insider Buying and Selling

In related news, CEO Karim Donnez sold 54,661 shares of the 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 transaction, the chief executive officer now directly owns 989,120 shares of the company's stock, valued at approximately $5,440,160. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Garcia sold 49,998 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $7.49, for a total value of $374,485.02. Following the sale, the director now directly owns 2,755,281 shares of the company's stock, valued at approximately $20,637,054.69. This trade represents a 1.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 276,896 shares of company stock valued at $1,943,431. Insiders own 2.05% of the company's stock.

Institutional Trading of LiveWire Group

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted 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 buying an additional 3,167 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $224,000 after acquiring an additional 5,968 shares during the period. Wexford Capital LP acquired a new position in shares of LiveWire Group during the 4th quarter valued at $87,000. Nuveen LLC purchased a new stake in LiveWire Group during the 1st quarter worth $43,000. Finally, JPMorgan Chase & Co. increased its holdings in LiveWire Group by 120.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 0.88% of the company's stock.

LiveWire Group Company Profile

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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