LiveWire Group (NYSE:LVWR) Stock Price Up 8.2% – What’s Next?

Shares of LiveWire Group, Inc. (NYSE:LVWR) traded up 8.2% on Thursday . The stock traded as high as $2.51 and last traded at $2.51. 3,475 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 43,171 shares. The stock had previously closed at $2.32.

LiveWire Group Trading Up 11.3 %

The firm has a fifty day moving average of $4.35 and a two-hundred day moving average of $5.61. The company has a market cap of $524.59 million, a PE ratio of -5.63 and a beta of 0.94.

LiveWire Group (NYSE:LVWR) last issued its earnings results on Wednesday, February 5th. The company reported ($0.11) EPS for the quarter. LiveWire Group had a negative return on equity of 58.65% and a negative net margin of 352.66%. During the same period in the prior year, the company posted ($0.16) earnings per share.

Insider Activity

In other news, CEO Karim Donnez sold 9,202 shares of the business’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 transaction of $55,672.10. Following the transaction, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have 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

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after purchasing an additional 5,968 shares in the last quarter. Barclays PLC boosted its stake in LiveWire Group by 289.1% during the third 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. Finally, JPMorgan Chase & Co. boosted its stake in LiveWire Group by 201.0% during 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 during the last quarter. 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.