LiveWire Group (NYSE:LVWR) Shares Gap Down Following Insider Selling

Shares of LiveWire Group, Inc. (NYSE:LVWR) gapped down before the market opened on Monday following insider selling activity. The stock had previously closed at $6.00, but opened at $5.80. LiveWire Group shares last traded at $5.80, with a volume of 259 shares changing hands.

Specifically, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the sale, the chief executive officer now directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LiveWire Group Price Performance

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -11.43 and a beta of 0.94. The stock has a 50-day moving average of $6.15 and a 200-day moving average of $6.65.

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

Hedge Funds Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Barclays PLC raised its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the quarter. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.