LiveWire Group (NYSE:LVWR) Sees Unusually-High Trading Volume – Still a Buy?

LiveWire Group, Inc. (NYSE:LVWR) saw unusually-high trading volume on Wednesday . Approximately 19,446 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 20,245 shares.The stock last traded at $4.76 and had previously closed at $4.93.

LiveWire Group Stock Performance

The firm has a market capitalization of $920.72 million, a P/E ratio of -8.88 and a beta of 1.00. The stock has a 50 day moving average of $5.66 and a 200-day moving average of $6.32.

LiveWire Group (NYSE:LVWR) last posted its quarterly 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 during the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Insiders Place Their Bets

In other news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction dated 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 directly owns 456,772 shares in the company, valued at $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 12,729 shares of company stock worth $76,841 over the last 90 days. Corporate insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On LiveWire Group

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of LiveWire Group by 201.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,166 shares of the company’s stock valued at $184,000 after acquiring an additional 20,144 shares in the last quarter. Barclays PLC increased its position in shares of LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after purchasing an additional 19,474 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in LiveWire Group by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after purchasing an additional 1,530 shares in the last 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.