LiveWire Group (NYSE:LVWR) Trading Down 4.5% – Should You Sell?

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

LiveWire Group Stock Performance

The stock has a market capitalization of $770.32 million, a PE ratio of -7.43 and a beta of 1.00. The business’s 50-day moving average is $5.27 and its two-hundred day moving average is $6.11.

LiveWire Group (NYSE:LVWR) last released its earnings results on Thursday, October 24th. The company reported ($0.11) 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%.

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $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 the SEC website. Insiders have sold 12,729 shares of company stock worth $76,841 in the last three months. Corporate insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

Several institutional investors have recently made changes to their positions in LVWR. JPMorgan Chase & Co. grew its position in LiveWire Group by 201.0% during the third 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 during the period. 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 acquiring an additional 19,474 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of LiveWire Group by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after acquiring an additional 1,530 shares during the 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.