LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) CFO Tralisa Maraj sold 25,000 shares of LiveWire Group stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $8.60, for a total transaction of $215,000.00. Following the sale, the chief financial officer now directly owns 324,771 shares of the company's stock, valued at $2,793,030.60. This represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
LiveWire Group Trading Down 10.2%
Shares of LVWR stock traded down $0.64 during mid-day trading on Friday, reaching $5.62. The stock had a trading volume of 922,982 shares, compared to its average volume of 1,008,799. LiveWire Group, Inc. has a 52-week low of $0.93 and a 52-week high of $9.04. The stock's 50-day moving average price is $2.60 and its two-hundred day moving average price is $3.21. The firm has a market capitalization of $1.14 billion, a PE ratio of -12.22 and a beta of 1.73.
LiveWire Group (NYSE:LVWR - Get Free Report) last announced its quarterly 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 352.66% and a negative return on equity of 58.65%. The company had revenue of $2.74 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of LiveWire Group to a "sell" rating in a research report on Saturday.
Check Out Our Latest Stock Analysis on LVWR
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its stake in shares of LiveWire Group by 21.9% in 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 in the last quarter. Nuveen LLC bought a new position in LiveWire Group during the first quarter valued at approximately $43,000. Wexford Capital LP bought a new position in LiveWire Group during the fourth quarter valued at approximately $87,000. JPMorgan Chase & Co. lifted 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 valued at $320,000 after purchasing an additional 36,357 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted 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 valued at $224,000 after purchasing an additional 5,968 shares during the period. Institutional investors own 0.88% of the company's stock.
About LiveWire Group
(
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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