LiveWire Group (NYSE:LVWR) Sees Large Volume Increase – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR) shares saw unusually-strong trading volume on Tuesday . Approximately 63,311 shares were traded during mid-day trading, an increase of 140% from the previous session’s volume of 26,387 shares.The stock last traded at $5.29 and had previously closed at $5.55.

LiveWire Group Stock Performance

The business has a 50-day moving average of $6.06 and a 200-day moving average of $6.57. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -10.25 and a beta of 0.94.

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

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction 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 in the company, valued at $2,763,470.60. This represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 12,729 shares of company stock worth $76,841. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp boosted its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,209 shares of the company’s stock after acquiring an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent filing with the SEC. 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.