LiveWire Group, Inc. (NYSE:LVWR) CFO Tralisa Maraj Sells 25,000 Shares

LiveWire Group, Inc. (NYSE:LVWR - Get Free Report) CFO Tralisa Maraj sold 25,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $8.60, for a total value of $215,000.00. Following the completion of the transaction, the chief financial officer now directly owns 324,771 shares of the company's stock, valued at approximately $2,793,030.60. This trade represents a 7.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

LiveWire Group Stock Performance

LiveWire Group stock traded down $0.59 during trading on Monday, hitting $5.08. The company's stock had a trading volume of 1,245,455 shares, compared to its average volume of 1,009,806. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -11.04 and a beta of 1.73. The stock's fifty day moving average is $2.66 and its 200 day moving average is $3.18. LiveWire Group, Inc. has a 1-year low of $0.93 and a 1-year high of $9.04.

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 business 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%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded LiveWire Group to a "sell" rating in a research note on Saturday.

Hedge Funds Weigh In On LiveWire Group

Several institutional investors have recently added to or reduced their stakes in LVWR. Charles Schwab Investment Management Inc. increased its stake 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. JPMorgan Chase & Co. increased its stake in LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company's stock worth $320,000 after acquiring an additional 36,357 shares during the last quarter. Wexford Capital LP acquired a new stake in LiveWire Group during the fourth quarter worth about $87,000. Nuveen LLC acquired a new stake in LiveWire Group during the first quarter worth about $43,000. Finally, Rhumbline Advisers increased its stake 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 acquiring an additional 3,167 shares during 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.