LiveWire Group (NYSE:LVWR) Sees Unusually-High Trading Volume – Here’s Why

Shares of LiveWire Group, Inc. (NYSE:LVWR) saw unusually-strong trading volume on Friday . Approximately 35,525 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 43,664 shares.The stock last traded at $3.79 and had previously closed at $3.78.

LiveWire Group Trading Down 6.2 %

The stock has a market cap of $720.72 million, a PE ratio of -6.95 and a beta of 1.00. The business has a 50-day moving average price of $5.17 and a 200 day moving average price of $6.06.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $4.45 million during the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Insider Activity

In other news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the transaction, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 12,729 shares of company stock valued at $76,841 over the last quarter. Company insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC grew its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,210 shares of the company’s stock after buying an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent reporting period. 0.88% of the stock is 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.