LiveWire Group (NYSE:LVWR) Shares Gap Up – What’s Next?

LiveWire Group, Inc. (NYSE:LVWR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $3.07, but opened at $3.32. LiveWire Group shares last traded at $3.09, with a volume of 6,267 shares changing hands.

LiveWire Group Stock Performance

The business has a 50-day moving average of $4.80 and a 200 day moving average of $5.85. The stock has a market cap of $620.93 million, a PE ratio of -5.99 and a beta of 0.95.

LiveWire Group (NYSE:LVWR) last posted its quarterly earnings data on Wednesday, February 5th. 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%. During the same quarter last year, the business posted ($0.16) earnings per share.

Insider Activity

In other news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the transaction, the chief executive officer now directly owns 456,772 shares in the company, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 12,729 shares of company stock valued at $76,841 in the last 90 days. 1.92% of the stock is currently owned by insiders.

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Barclays PLC lifted its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,210 shares of the company’s stock after acquiring an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent SEC filing. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.