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

LiveWire Group, Inc. (NYSE:LVWR) shares gapped down prior to trading on Monday . The stock had previously closed at $5.74, but opened at $5.57. LiveWire Group shares last traded at $5.47, with a volume of 4,732 shares traded.

LiveWire Group Stock Down 1.6 %

The company has a market capitalization of $1.11 billion, a P/E ratio of -10.71 and a beta of 0.94. The firm has a fifty day simple moving average of $6.07 and a 200-day simple moving average of $6.58.

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

Insider Activity at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 12,729 shares of company stock valued at $76,841. Company insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,209 shares of the company’s stock after buying an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. 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.