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

LiveWire Group, Inc. (NYSE:LVWR) shares saw unusually-high trading volume on Friday . Approximately 37,123 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 33,859 shares.The stock last traded at $4.46 and had previously closed at $4.39.

LiveWire Group Stock Performance

The stock has a market capitalization of $857.72 million, a price-to-earnings ratio of -8.28 and a beta of 1.00. The stock has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $6.22.

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

Insider Activity at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total value of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares in the company, valued at $2,763,470.60. This trade represents 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 through this hyperlink. Insiders sold 12,729 shares of company stock valued at $76,841 in the last three months. Corporate insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after buying an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in LiveWire Group by 201.0% in 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 last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of LiveWire Group by 3.3% during 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.

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.