LiveWire Group (NYSE:LVWR) Sees Strong Trading Volume – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR) shares saw an uptick in trading volume on Friday . 37,123 shares were traded during trading, an increase of 10% from the previous session’s volume of 33,859 shares.The stock last traded at $4.46 and had previously closed at $4.39.

LiveWire Group Trading Down 8.3 %

The stock’s 50-day moving average is $5.42 and its 200-day moving average is $6.19. The stock has a market cap of $818.08 million, a price-to-earnings ratio of -7.89 and a beta of 1.00.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share (EPS) 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 at LiveWire Group

In other LiveWire Group 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 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 $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 Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,729 shares of company stock valued at $76,841 over the last 90 days. 1.92% of the stock is owned by corporate insiders.

Institutional Trading of LiveWire Group

Several large investors have recently bought and sold shares of LVWR. Barclays PLC boosted its stake 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 buying an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of LiveWire Group by 201.0% during the 3rd 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 last quarter. Institutional investors and hedge funds 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.