LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price shot up 11.8% during trading on Tuesday . The company traded as high as $5.65 and last traded at $5.78. 229,524 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,017,746 shares. The stock had previously closed at $5.17.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of LiveWire Group to a "sell" rating in a report on Saturday, June 14th.
Get Our Latest Analysis on LVWR
LiveWire Group Price Performance
The stock has a market capitalization of $1.10 billion, a PE ratio of -12.51 and a beta of 1.72. The firm's 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.18.
LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 367.05% and a negative return on equity of 70.38%. The business had revenue of $2.74 million for the quarter.
Insider Buying and Selling at LiveWire Group
In other news, CEO Karim Donnez sold 35,699 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $7.50, for a total value of $267,742.50. Following the completion of the transaction, the chief executive officer now owns 1,087,256 shares in the company, valued at $8,154,420. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan Ragland sold 6,891 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $7.11, for a total value of $48,995.01. Following the completion of the sale, the insider now directly owns 127,625 shares in the company, valued at approximately $907,413.75. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 276,896 shares of company stock worth $1,943,431. 2.05% of the stock is currently owned by insiders.
Institutional Trading of LiveWire Group
A number of hedge funds and other institutional investors have recently modified their holdings of the business. 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. Charles Schwab Investment Management Inc. raised its holdings in LiveWire Group by 14.7% in the 4th 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. Nuveen LLC bought a new position in LiveWire Group in the 1st quarter valued at approximately $43,000. Wexford Capital LP purchased a new stake in LiveWire Group during the 4th quarter valued at $87,000. Finally, Rhumbline Advisers increased its holdings in shares of LiveWire Group by 21.9% in the 1st quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after purchasing an additional 3,167 shares in the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.
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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