LiveWire Group (NYSE:LVWR) Sets New 12-Month Low – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR) hit a new 52-week low on Monday . The stock traded as low as $3.03 and last traded at $3.07, with a volume of 51038 shares. The stock had previously closed at $3.35.

LiveWire Group Price Performance

The firm has a fifty day moving average price of $4.87 and a two-hundred day moving average price of $5.88. The stock has a market capitalization of $626.01 million, a PE ratio of -6.11 and a beta of 0.95.

Insiders Place Their Bets

In other LiveWire Group 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 transaction of $55,672.10. Following the sale, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 12,729 shares of company stock worth $76,841 in the last ninety days. 1.92% of the stock is owned by company insiders.

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Barclays PLC boosted its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm 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.

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.