LiveWire Group (NYSE:LVWR) Stock Price Down 4.5% – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s stock price was down 4.5% during trading on Thursday . The stock traded as low as $3.79 and last traded at $3.76. Approximately 4,863 shares changed hands during trading, a decline of 89% from the average daily volume of 43,539 shares. The stock had previously closed at $3.93.

LiveWire Group Stock Down 6.2 %

The company has a market capitalization of $720.72 million, a price-to-earnings ratio of -6.95 and a beta of 1.00. The business’s 50-day moving average is $5.17 and its 200-day moving average is $6.07.

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. The business 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 at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction 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. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 12,729 shares of company stock valued at $76,841. Corporate insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC lifted its stake in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,210 shares of the company’s stock after acquiring an additional 19,474 shares during the quarter. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent reporting period. 0.88% of the stock is owned by hedge funds and other institutional investors.

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.