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

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

Analyst Upgrades and Downgrades

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

LiveWire Group Stock Performance

The firm has a market cap of $816.11 million, a price-to-earnings ratio of -9.34 and a beta of 1.71. The stock's fifty day moving average is $3.46 and its two-hundred day moving average is $3.13.

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

Insider Buying and Selling at LiveWire Group

In related news, CEO Karim Donnez sold 54,661 shares of LiveWire Group stock in a transaction dated 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 $5,440,160. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Garcia sold 56,559 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $6.47, for a total transaction of $365,936.73. Following the transaction, the director owned 2,698,722 shares of the company's stock, valued at approximately $17,460,731.34. This trade represents a 2.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,896 shares of company stock valued at $1,943,431. 2.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LiveWire Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of LiveWire Group by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock valued at $224,000 after purchasing an additional 5,968 shares during the period. JPMorgan Chase & Co. boosted its position 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 buying an additional 36,357 shares during the period. Wexford Capital LP purchased a new position in shares of LiveWire Group during the fourth quarter valued at $87,000. Nuveen LLC acquired a new position in LiveWire Group during the first quarter valued at $43,000. Finally, Rhumbline Advisers lifted its stake in 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 acquiring an additional 3,167 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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