LiveWire Group (NYSE:LVWR) Stock Price Down 8.2% – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s share price was down 8.2% during trading on Friday . The company traded as low as $3.17 and last traded at $3.07. Approximately 19,429 shares traded hands during trading, a decline of 58% from the average daily volume of 46,147 shares. The stock had previously closed at $3.35.

LiveWire Group Stock Performance

The business has a fifty day moving average of $4.87 and a 200 day moving average of $5.90.

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the 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 owns 456,772 shares in the company, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 12,729 shares of company stock worth $76,841 over the last quarter. 1.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC boosted its position in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the quarter. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent quarter. 0.88% of the stock is owned by institutional investors and hedge funds.

About LiveWire Group

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.