LiveWire Group (NYSE:LVWR) Shares Down 2.5% – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR)’s share price traded down 2.5% on Friday . The company traded as low as $5.10 and last traded at $5.10. 20,636 shares traded hands during trading, a decline of 22% from the average session volume of 26,610 shares. The stock had previously closed at $5.23.

LiveWire Group Stock Performance

The company has a market cap of $1.05 billion, a PE ratio of -10.12 and a beta of 0.94. The company’s 50 day moving average price is $6.03 and its 200-day moving average price is $6.55.

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

Insider Activity at LiveWire Group

In related 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 12,729 shares of company stock worth $76,841. 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 lifted its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

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.