LiveWire Group (NYSE:LVWR) Shares Down 5.8% – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR) shares traded down 5.8% during trading on Tuesday . The company traded as low as $2.10 and last traded at $2.10. 10,280 shares traded hands during trading, a decline of 65% from the average session volume of 29,587 shares. The stock had previously closed at $2.23.

LiveWire Group Price Performance

The company has a market capitalization of $511.84 million, a PE ratio of -4.52 and a beta of 1.03. The stock has a 50-day simple moving average of $2.21 and a 200 day simple moving average of $4.25.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. LiveWire Group had a negative net margin of 352.66% and a negative return on equity of 58.65%. During the same quarter in the previous year, the company posted ($0.16) earnings per share.

Institutional Investors Weigh In On LiveWire Group

A number of hedge funds and other institutional investors have recently modified their holdings of LVWR. Wexford Capital LP acquired a new position in LiveWire Group in the 4th quarter valued at $87,000. JPMorgan Chase & Co. lifted its position in LiveWire Group by 120.5% during the fourth quarter. JPMorgan Chase & Co. now owns 66,523 shares of the company’s stock worth $320,000 after buying an additional 36,357 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in LiveWire Group by 14.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after buying an additional 5,968 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of LiveWire Group by 289.1% during the 3rd 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. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

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.