LiveWire Group (NYSE:LVWR) Shares Down 10.5% - Here's Why

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) fell 10.5% during mid-day trading on Thursday . The company traded as low as $4.64 and last traded at $4.52. 195,953 shares traded hands during trading, a decline of 90% from the average session volume of 1,868,074 shares. The stock had previously closed at $5.05.

Analyst Ratings Changes

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

LiveWire Group Price Performance

The stock has a market capitalization of $847.26 million, a price-to-earnings ratio of -9.68 and a beta of 1.71. The business's fifty day moving average price is $4.26 and its 200-day moving average price is $3.02.

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

Insider Activity at LiveWire Group

In related news, CFO Tralisa Maraj sold 25,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $8.60, for a total transaction of $215,000.00. Following the transaction, the chief financial officer directly owned 324,771 shares of the company's stock, valued at $2,793,030.60. This trade represents a 7.15% decrease in their ownership of the stock. The transaction 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 firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $5.50, for a total transaction of $300,635.50. Following the transaction, the chief executive officer directly owned 989,120 shares in the company, valued at $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 276,896 shares of company stock valued at $1,943,431 over the last three months. Insiders own 2.05% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LVWR. Rhumbline Advisers raised its position 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 acquiring an additional 3,167 shares during the period. Nuveen LLC bought a new stake in LiveWire Group in the first quarter worth about $43,000. Wexford Capital LP bought a new stake in LiveWire Group in the fourth quarter worth about $87,000. JPMorgan Chase & Co. raised 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 worth $320,000 after acquiring an additional 36,357 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in 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 period. 0.88% of the stock is owned by 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.