LiveWire Group (NYSE:LVWR) Sets New 52-Week Low – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price reached a new 52-week low on Tuesday . The company traded as low as $4.00 and last traded at $4.08, with a volume of 96560 shares changing hands. The stock had previously closed at $4.39.

LiveWire Group Trading Up 1.5 %

The business’s 50-day moving average is $5.32 and its two-hundred day moving average is $6.13.

LiveWire Group (NYSE:LVWR) last released its quarterly earnings results 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 firm had revenue of $4.45 million for the quarter.

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the sale, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $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 accessible through this link. Insiders have sold 12,729 shares of company stock valued at $76,841 over the last ninety days. Corporate insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of LiveWire Group by 289.1% in the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock worth $159,000 after purchasing an additional 19,474 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $184,000 after purchasing an additional 20,144 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of LiveWire Group by 3.3% in 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 in the last quarter. Institutional investors 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.