LiveWire Group (NYSE:LVWR) Sees Unusually-High Trading Volume – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR) saw strong trading volume on Wednesday . 19,446 shares traded hands during trading, a decline of 4% from the previous session’s volume of 20,245 shares.The stock last traded at $4.76 and had previously closed at $4.93.

LiveWire Group Price Performance

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -9.88 and a beta of 1.00. The business’s 50-day moving average price is $5.70 and its two-hundred day moving average price is $6.34.

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

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of the 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 completion of the sale, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 12,729 shares of company stock valued at $76,841. Insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of LiveWire Group by 289.1% during the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after acquiring an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of LiveWire Group by 201.0% in the third quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock valued at $184,000 after buying an additional 20,144 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of LiveWire Group by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after buying an additional 1,530 shares during the period. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

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.