LiveWire Group (NYSE:LVWR) Sees Strong Trading Volume – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares saw unusually-strong 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 firm has a market cap of $857.72 million, a P/E ratio of -8.28 and a beta of 1.00. The stock’s 50-day moving average is $5.48 and its 200 day moving average is $6.22.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.11) earnings per share for the quarter. The company 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 business’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 transaction of $55,672.10. Following the completion of the sale, the chief executive officer now owns 456,772 shares in the company, valued at $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 12,729 shares of company stock valued at $76,841 in the last quarter. 1.92% of the stock is currently owned by insiders.

Institutional Trading of LiveWire Group

Several hedge funds and other institutional investors have recently bought and sold shares of LVWR. Bank of New York Mellon Corp lifted its position in LiveWire Group by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock worth $362,000 after purchasing an additional 1,530 shares during the period. JPMorgan Chase & Co. raised its position 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 buying an additional 20,144 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of LiveWire Group by 289.1% during the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after acquiring an additional 19,474 shares during the period. Institutional investors and hedge funds own 0.88% of the company’s stock.

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.