LiveWire Group (NYSE:LVWR) Sees Strong Trading Volume – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) shares saw an uptick in trading volume on Tuesday . 63,311 shares traded hands during trading, an increase of 140% from the previous session’s volume of 26,387 shares.The stock last traded at $5.29 and had previously closed at $5.55.

LiveWire Group Stock Down 3.1 %

The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -10.25 and a beta of 0.94. The firm has a fifty day moving average of $6.06 and a 200-day moving average of $6.57.

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

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10. Following the transaction, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 12,729 shares of company stock valued at $76,841. 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% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.