LiveWire Group (NYSE:LVWR) Trading 6.9% Higher – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR) shares traded up 6.9% during trading on Tuesday . The stock traded as high as $2.45 and last traded at $2.47. 9,231 shares were traded during trading, a decline of 77% from the average session volume of 40,843 shares. The stock had previously closed at $2.31.

LiveWire Group Price Performance

The business’s 50-day moving average is $3.85 and its two-hundred day moving average is $5.36. The firm has a market cap of $498.98 million, a P/E ratio of -5.34 and a beta of 0.94.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.11) earnings per share for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. During the same period in the prior year, the firm posted ($0.16) earnings per share.

Insiders Place Their Bets

In other news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the completion of the transaction, the chief executive officer now directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 12,729 shares of company stock valued at $76,841. 1.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds have recently added to or reduced their stakes in LVWR. Wexford Capital LP bought a new position in shares of LiveWire Group in the fourth quarter valued at about $87,000. Barclays PLC grew its stake in LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after buying an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in LiveWire Group by 201.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock valued at $184,000 after acquiring an additional 20,144 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 worth $224,000 after acquiring an additional 5,968 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

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.