LiveWire Group (NYSE:LVWR) Reaches New 52-Week Low – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares hit a new 52-week low on Monday . The company traded as low as $3.32 and last traded at $3.50, with a volume of 4081 shares changing hands. The stock had previously closed at $3.54.

LiveWire Group Stock Performance

The company’s 50-day moving average price is $5.06 and its 200-day moving average price is $5.99.

Insiders Place Their Bets

In other news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the transaction, the chief executive officer now owns 456,772 shares in the company, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 12,729 shares of company stock valued at $76,841 in the last ninety days. Insiders own 1.92% of the company’s stock.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Barclays PLC lifted its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 at the end of the most recent reporting period. 0.88% of the stock is owned by hedge funds and other 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.