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

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

LiveWire Group Stock Performance

The firm’s 50 day moving average is $5.32 and its 200 day moving average is $6.13.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $4.45 million for the quarter. LiveWire Group had a negative net margin of 336.65% and a negative return on equity of 60.75%.

Insider Buying and Selling at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total transaction of $55,672.10. Following the completion of the sale, the chief executive officer now directly owns 456,772 shares in the company, valued at $2,763,470.60. The trade was a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 12,729 shares of company stock worth $76,841 over the last three months. 1.92% of the stock is owned by insiders.

Institutional Investors Weigh In On LiveWire Group

Several hedge funds have recently bought and sold shares of LVWR. Barclays PLC lifted its position in LiveWire Group by 289.1% during the third quarter. Barclays PLC now owns 26,210 shares of the company’s stock valued at $159,000 after purchasing an additional 19,474 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 lifted its position in LiveWire Group by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock valued at $362,000 after purchasing an additional 1,530 shares during the last quarter. 0.88% of the stock is currently owned by 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.