LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors bought 5,673 call options on the company. This is an increase of approximately 1,028% compared to the average volume of 503 call options.
Institutional Investors Weigh In On LiveWire Group
A number of hedge funds have recently added to or reduced their stakes in LVWR. JPMorgan Chase & Co. increased its holdings in shares of LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock valued at $320,000 after acquiring an additional 36,357 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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. Nuveen LLC bought a new stake in LiveWire Group during the 1st quarter valued at $43,000. Wexford Capital LP bought a new stake in LiveWire Group during the 4th quarter valued at $87,000. Finally, Rhumbline Advisers raised its holdings in LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company's stock worth $35,000 after buying an additional 3,167 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company's stock.
LiveWire Group Stock Up 7.4%
NYSE:LVWR traded up $0.28 during trading hours on Tuesday, reaching $4.05. The company had a trading volume of 3,408,881 shares, compared to its average volume of 934,426. LiveWire Group has a twelve month low of $0.93 and a twelve month high of $9.00. The firm has a market cap of $824.44 million, a price-to-earnings ratio of -8.80 and a beta of 1.04. The business's 50-day simple moving average is $1.89 and its two-hundred day simple moving average is $3.21.
LiveWire Group (NYSE:LVWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.09) EPS for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. The firm had revenue of $2.74 million during the quarter.
LiveWire Group Company Profile
(
Get Free Report)
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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