LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) rose 17% during trading on Tuesday . The company traded as high as $7.05 and last traded at $7.00. Approximately 365,330 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 974,717 shares. The stock had previously closed at $5.98.
LiveWire Group Stock Down 10.8%
The stock has a 50-day moving average of $2.45 and a 200 day moving average of $3.23. The stock has a market cap of $1.29 billion, a PE ratio of -13.78 and a beta of 1.73.
LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. The firm had revenue of $2.74 million during the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%.
Institutional Investors Weigh In On LiveWire Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 acquiring an additional 5,968 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 buying an additional 36,357 shares during the last quarter. Wexford Capital LP acquired a new position in LiveWire Group in the fourth quarter valued at about $87,000. Nuveen LLC acquired a new position in LiveWire Group in the first quarter valued at about $43,000. Finally, Rhumbline Advisers lifted its position in 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 buying an additional 3,167 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company's stock.
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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