LiveWire Group (NYSE:LVWR) Sets New 1-Year Low – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR) shares hit a new 52-week low on Monday . The company traded as low as $3.32 and last traded at $3.50, with a volume of 4081 shares changing hands. The stock had previously closed at $3.54.

LiveWire Group Stock Performance

The firm has a market capitalization of $715.44 million, a PE ratio of -6.90 and a beta of 1.00. The company’s 50-day moving average price is $5.17 and its 200-day moving average price is $6.05.

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

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 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 directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 12,729 shares of company stock valued at $76,841 over the last ninety days. Insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC boosted its stake in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,210 shares of the company’s stock after acquiring an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent SEC filing. 0.88% of the stock is currently owned by institutional investors and hedge funds.

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.