LiveWire Group (NYSE:LVWR) Trading Down 10.3% - Here's Why

Key Points

• LiveWire Group's stock price plummeted by 10.3%, trading as low as $3.63, with an unusually low trading volume of 46,091 shares, a 97% drop from its average session volume.
• Wall Street analysts have upgraded LiveWire Group from a "sell" to a "hold" rating, signaling potential for recovery despite recent declines.
• Insider selling activity has been noted, with CFO Tralisa Maraj and CEO Karim Donnez selling significant shares, indicating possible concern among executives about the company's performance.

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price fell 10.3% during mid-day trading on Monday . The company traded as low as $3.63 and last traded at $3.64. 46,091 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,630,899 shares. The stock had previously closed at $4.06.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised LiveWire Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd.

LiveWire Group Stock Performance

The company has a market capitalization of $717.98 million, a P/E ratio of -8.81 and a beta of 1.69. The stock's fifty day moving average price is $4.10 and its 200-day moving average price is $3.01.

LiveWire Group (NYSE:LVWR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.09) EPS for the quarter. The business had revenue of $5.87 million for the quarter. LiveWire Group had a negative return on equity of 77.81% and a negative net margin of 350.82%.

Insider Buying and Selling at LiveWire Group

In related news, CFO Tralisa Maraj sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was 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 approximately $2,793,030.60. The trade was a 7.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Karim Donnez sold 54,661 shares of LiveWire Group stock in a transaction on Monday, June 16th. The stock was 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 of the company's stock, valued at approximately $5,440,160. This trade represents 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 worth $1,943,431 in the last three months. 2.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LVWR. Geode Capital Management LLC raised its position in shares of LiveWire Group by 102.0% in the second quarter. Geode Capital Management LLC now owns 437,744 shares of the company's stock valued at $2,014,000 after buying an additional 221,071 shares in the last quarter. JPMorgan Chase & Co. increased its stake in LiveWire Group by 120.5% during the 4th 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. Rhumbline Advisers raised its holdings in LiveWire Group by 244.0% in the 2nd quarter. Rhumbline Advisers now owns 60,735 shares of the company's stock valued at $279,000 after acquiring an additional 43,080 shares in the last quarter. Nuveen LLC bought a new stake in shares of LiveWire Group during the 1st quarter valued at $43,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of LiveWire Group by 84.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,092 shares of the company's stock worth $92,000 after purchasing an additional 9,210 shares in the last quarter. Institutional investors and hedge funds own 0.88% of the company's stock.

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.

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