LiveWire Group (NYSE:LVWR) Stock Price Down 4.5% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR) shares were down 4.5% on Thursday . The stock traded as low as $3.79 and last traded at $3.76. Approximately 4,863 shares were traded during trading, a decline of 89% from the average daily volume of 43,539 shares. The stock had previously closed at $3.93.

LiveWire Group Stock Performance

The firm’s 50 day moving average is $5.17 and its two-hundred day moving average is $6.07. The stock has a market capitalization of $720.72 million, a PE ratio of -6.95 and a beta of 1.00.

LiveWire Group (NYSE:LVWR) last announced 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 business had revenue of $4.45 million for the quarter.

Insider Buying and Selling

In other news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the sale, the chief executive officer now directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 12,729 shares of company stock valued at $76,841 in the last ninety days. Company insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC increased its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,210 shares of the company’s stock after acquiring 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 currently 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.