LiveWire Group (NYSE:LVWR) Sees Strong Trading Volume – Here’s Why

Shares of LiveWire Group, Inc. (NYSE:LVWR) saw unusually-strong trading volume on Wednesday . Approximately 19,446 shares changed hands during mid-day trading, a decline of 4% from the previous session’s volume of 20,245 shares.The stock last traded at $4.76 and had previously closed at $4.93.

LiveWire Group Price Performance

The company has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $6.32. The company has a market capitalization of $920.72 million, a P/E ratio of -8.88 and a beta of 1.00.

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

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was 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 of the company’s stock, valued at $2,763,470.60. The trade was a 1.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 12,729 shares of company stock valued at $76,841 over the last 90 days. Company insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LVWR. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 20,144 shares during the last quarter. Barclays PLC increased its stake in LiveWire Group by 289.1% in the 3rd quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after buying an additional 19,474 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted 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 worth $362,000 after buying an additional 1,530 shares in the last quarter. 0.88% of the stock is owned by 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.