LiveWire Group (NYSE:LVWR) Shares Gap Up - What's Next?

Shares of LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $3.86, but opened at $4.11. LiveWire Group shares last traded at $3.96, with a volume of 78,575 shares trading hands.

Analyst Upgrades and Downgrades

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

LiveWire Group Trading Down 11.6%

The stock has a market capitalization of $908.94 million, a P/E ratio of -10.38 and a beta of 1.71. The stock's 50 day simple moving average is $4.08 and its 200 day simple moving average is $3.05.

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

Insider Buying and Selling

In related news, CFO Tralisa Maraj sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $8.60, for a total value of $215,000.00. Following the completion of the transaction, the chief financial officer owned 324,771 shares in the company, valued at $2,793,030.60. This represents a 7.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William L. Cornog sold 40,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $7.62, for a total transaction of $304,800.00. Following the completion of the transaction, the director owned 196,739 shares of the company's stock, valued at $1,499,151.18. This represents a 16.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,896 shares of company stock worth $1,943,431. Company insiders own 2.05% of the company's stock.

Hedge Funds Weigh In On LiveWire Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in shares of LiveWire Group by 21.9% during the 1st 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 position in shares of LiveWire Group during the 1st quarter valued at about $43,000. Wexford Capital LP bought a new position in shares of LiveWire Group during the 4th quarter valued at about $87,000. Charles Schwab Investment Management Inc. boosted its position in shares of LiveWire Group by 14.7% during the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 buying an additional 36,357 shares during the period. 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.