LiveWire Group (NYSE:LVWR) Trading Down 9.3% on Insider Selling

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s stock price was down 9.3% during trading on Monday after an insider sold shares in the company. The company traded as low as $5.15 and last traded at $5.15. Approximately 175,756 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,005,739 shares. The stock had previously closed at $5.67.

Specifically, Director John L. Garcia sold 56,559 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $6.47, for a total transaction of $365,936.73. Following the completion of the transaction, the director now directly owns 2,698,722 shares in the company, valued at $17,460,731.34. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Garcia sold 49,998 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $7.49, for a total transaction of $374,485.02. Following the transaction, the director now directly owns 2,755,281 shares in the company, valued at $20,637,054.69. This trade represents a 1.78% decrease in their position. The disclosure for this sale can be found here. In related news, CEO Karim Donnez sold 35,699 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $7.50, for a total transaction of $267,742.50. Following the transaction, the chief executive officer now directly owns 1,087,256 shares in the company, valued at $8,154,420. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analyst Weigh In

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

LiveWire Group Trading Down 14.4%

The firm has a fifty day moving average price of $2.60 and a 200 day moving average price of $3.19. The firm has a market capitalization of $988.31 million, a price-to-earnings ratio of -10.59 and a beta of 1.73.

LiveWire Group (NYSE:LVWR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. The firm had revenue of $2.74 million during the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%.

Hedge Funds Weigh In On LiveWire Group

Several institutional investors and hedge funds have recently modified their holdings of LVWR. Rhumbline Advisers lifted its holdings 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 in the last quarter. Nuveen LLC acquired a new position in shares of LiveWire Group in the first quarter valued at approximately $43,000. Wexford Capital LP acquired a new stake in LiveWire Group in the 4th quarter worth about $87,000. JPMorgan Chase & Co. boosted 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 valued at $320,000 after buying an additional 36,357 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of LiveWire Group by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company's stock worth $224,000 after purchasing an additional 5,968 shares in the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.

LiveWire Group Company Profile

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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