LiveWire Group (NYSE:LVWR) Trading 15.1% Higher - Here's Why

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) rose 15.1% during mid-day trading on Tuesday . The stock traded as high as $5.44 and last traded at $5.90. Approximately 82,544 shares were traded during trading, a decline of 92% from the average daily volume of 1,006,807 shares. The stock had previously closed at $5.12.

Analyst Upgrades and Downgrades

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

LiveWire Group Trading Down 4.7%

The business has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $3.22.

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

Insider Activity

In other news, CEO Karim Donnez sold 35,699 shares of the company'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 transaction, the chief executive officer now owns 1,087,256 shares of the company's stock, valued at approximately $8,154,420. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan Ragland sold 6,891 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 127,625 shares in the company, valued at approximately $907,413.75. This trade represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 276,896 shares of company stock valued at $1,943,431 over the last ninety days. 2.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LiveWire Group

Hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in LiveWire Group by 21.9% in 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 during the period. Charles Schwab Investment Management Inc. raised its position in shares of LiveWire Group by 14.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after buying an additional 5,968 shares in the last quarter. Wexford Capital LP bought a new stake in shares of LiveWire Group in the fourth quarter valued at approximately $87,000. Nuveen LLC acquired a new stake in LiveWire Group during the first quarter worth approximately $43,000. Finally, JPMorgan Chase & Co. grew its position in LiveWire Group by 120.5% during 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 in the last quarter. 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.