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

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report)'s share price was down 9.3% during mid-day trading on Monday following insider selling activity. The company traded as low as $5.15 and last traded at $5.15. Approximately 175,756 shares changed hands during 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 LiveWire Group 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 approximately $17,460,731.34. The trade was a 2.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Garcia sold 49,998 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $7.49, for a total transaction of $374,485.02. Following the completion of the transaction, the director now owns 2,755,281 shares in the company, valued at approximately $20,637,054.69. This represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other LiveWire Group news, CEO Karim Donnez sold 35,699 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $7.50, for a total transaction of $267,742.50. Following the completion of the sale, the chief executive officer now directly owns 1,087,256 shares in the company, valued at $8,154,420. This trade represents 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 hyperlink.

Wall Street Analyst Weigh In

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

LiveWire Group Price Performance

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -13.61 and a beta of 1.73. The stock has a 50-day moving average of $2.79 and a 200-day moving average of $3.22.

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 367.05% and a negative return on equity of 70.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LVWR. JPMorgan Chase & Co. increased its position 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 purchasing an additional 36,357 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 5,968 shares during the last quarter. Wexford Capital LP bought a new stake in shares of LiveWire Group during the fourth quarter worth about $87,000. Rhumbline Advisers raised 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 buying an additional 3,167 shares during the last quarter. Finally, Nuveen LLC bought a new stake in LiveWire Group during the 1st quarter worth approximately $43,000. Institutional investors own 0.88% of the company's stock.

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.