LiveWire Group (NYSE:LVWR) Stock Price Down 8.1% - Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price fell 8.1% during mid-day trading on Monday . The company traded as low as $4.19 and last traded at $4.19. 65,437 shares were traded during mid-day trading, a decline of 97% from the average session volume of 2,036,921 shares. The stock had previously closed at $4.56.

Wall Street Analyst Weigh In

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

LiveWire Group Stock Performance

The stock has a 50-day moving average of $3.46 and a 200-day moving average of $3.13. The firm has a market cap of $795.96 million, a price-to-earnings ratio of -9.09 and a beta of 1.71.

LiveWire Group (NYSE:LVWR - Get Free Report) last announced its 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 firm had revenue of $2.74 million during the quarter.

Insider Buying and Selling

In other LiveWire Group news, Director John L. Garcia sold 56,559 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $6.47, for a total transaction of $365,936.73. Following the sale, the director directly owned 2,698,722 shares of the company's stock, valued at approximately $17,460,731.34. This represents a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 transaction of $48,995.01. Following the sale, the insider directly owned 127,625 shares in the company, valued at $907,413.75. This trade represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 276,896 shares of company stock worth $1,943,431 in the last quarter. 2.05% of the stock is owned by company insiders.

Institutional Trading of LiveWire Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVWR. Charles Schwab Investment Management Inc. raised its position in LiveWire Group by 14.7% during 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 in the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 36,357 shares in the last quarter. Wexford Capital LP bought a new stake in LiveWire Group during the fourth quarter worth $87,000. Nuveen LLC bought a new position in shares of LiveWire Group in the first quarter valued at about $43,000. Finally, Rhumbline Advisers raised its position in shares of 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 purchasing an additional 3,167 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.