LiveWire Group (NYSE:LVWR) Shares Down 8.2% – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares dropped 8.2% during trading on Friday . The stock traded as low as $3.17 and last traded at $3.07. Approximately 19,429 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 46,147 shares. The stock had previously closed at $3.35.

LiveWire Group Stock Performance

The company has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $5.96. The firm has a market capitalization of $645.93 million, a P/E ratio of -6.21 and a beta of 1.00.

Insider Activity at LiveWire Group

In related news, CEO Karim Donnez sold 9,202 shares of the firm’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 completion of the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 12,729 shares of company stock worth $76,841 over the last ninety days. 1.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. JPMorgan Chase & Co. boosted its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 201.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,166 shares of the company’s stock after purchasing an additional 20,144 shares during the period. JPMorgan Chase & Co.’s holdings in LiveWire Group were worth $184,000 at the end of the most recent quarter. Hedge funds and other 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.