Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) CEO Sells $16,770.00 in Stock

LiveWire Group, Inc. (NYSE:LVWR) CEO Karim Donnez sold 2,795 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $6.00, for a total transaction of $16,770.00. Following the completion of the sale, the chief executive officer now owns 453,977 shares of the company’s stock, valued at approximately $2,723,862. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Karim Donnez also recently made the following trade(s):

• On Monday, December 2nd, Karim Donnez sold 732 shares of LiveWire Group stock. The shares were sold at an average price of $6.01, for a total transaction of $4,399.32.
• On Wednesday, November 27th, Karim Donnez sold 9,202 shares of LiveWire Group stock. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10.

LiveWire Group Trading Down 0.9 %

LVWR opened at $5.77 on Thursday. The company has a 50 day moving average of $6.15 and a 200 day moving average of $6.64. The company has a market cap of $1.17 billion, a PE ratio of -11.31 and a beta of 0.94. LiveWire Group, Inc. has a 12 month low of $5.20 and a 12 month high of $12.04.

LiveWire Group (NYSE:LVWR) last announced its quarterly 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.

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp grew its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.