LiveWire Group (NYSE:LVWR) Sees Large Volume Increase – Time to Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares saw an uptick in trading volume on Wednesday . 19,446 shares traded 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 Trading Up 2.2 %

The business’s 50-day simple moving average is $5.70 and its two-hundred day simple moving average is $6.34. The company has a market capitalization of $1.02 billion, a PE ratio of -9.88 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 net margin of 336.65% and a negative return on equity of 60.75%. The business had revenue of $4.45 million for the quarter.

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of the company’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 sale, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 12,729 shares of company stock worth $76,841. Insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in LiveWire Group by 289.1% during the third 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. JPMorgan Chase & Co. grew its holdings in shares of LiveWire Group by 201.0% during 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. Finally, Bank of New York Mellon Corp raised 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 purchasing an additional 1,530 shares during the period. 0.88% of the stock is 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.