LiveWire Group (NYSE:LVWR) Stock Price Down 5.5% – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR) fell 5.5% during mid-day trading on Thursday . The stock traded as low as $4.61 and last traded at $4.61. 3,203 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 26,606 shares. The stock had previously closed at $4.88.

LiveWire Group Stock Down 5.7 %

The firm has a 50 day moving average price of $5.94 and a two-hundred day moving average price of $6.51. The company has a market cap of $934.95 million, a price-to-earnings ratio of -9.02 and a beta of 0.94.

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 firm had revenue of $4.45 million for the quarter.

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value 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 trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 12,729 shares of company stock worth $76,841 in the last quarter. 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 holdings in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent reporting period. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.