LiveWire Group (NYSE:LVWR) Shares Gap Down on Insider Selling

by · The Cerbat Gem

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report) shares gapped down prior to trading on Monday following insider selling activity. The stock had previously closed at $6.00, but opened at $5.80. LiveWire Group shares last traded at $5.80, with a volume of 259 shares traded.

Specifically, CEO Karim Donnez sold 9,202 shares of the 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. This represents a 1.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

LiveWire Group Price Performance

The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -11.43 and a beta of 0.94. The firm’s fifty day moving average is $6.15 and its 200-day moving average is $6.65.

LiveWire Group (NYSE:LVWR – Get Free Report) last released its earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share for the quarter. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. The company had revenue of $4.45 million during the quarter.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp raised its position in shares of LiveWire Group, Inc. (NYSE:LVWR – Free Report) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,209 shares of the company’s stock after purchasing an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

LiveWire Group Company Profile

(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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