LiveWire Group (NYSE:LVWR) Trading Down 2.5% – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares dropped 2.5% during trading on Friday . The stock traded as low as $5.10 and last traded at $5.10. Approximately 20,636 shares changed hands during trading, a decline of 22% from the average daily volume of 26,610 shares. The stock had previously closed at $5.23.

LiveWire Group Stock Down 1.7 %

The firm has a 50 day moving average price of $6.05 and a two-hundred day moving average price of $6.56. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -10.08 and a beta of 0.94.

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. 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 during the quarter.

Insiders Place Their Bets

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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 12,729 shares of company stock worth $76,841. 1.92% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,209 shares of the company’s stock after buying an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent filing with the Securities and Exchange Commission. 0.88% of the stock is currently 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.