LiveWire Group (NYSE:LVWR) Shares Gap Up – Should You Buy?

Shares of LiveWire Group, Inc. (NYSE:LVWR) gapped up before the market opened on Wednesday . The stock had previously closed at $3.07, but opened at $3.32. LiveWire Group shares last traded at $3.09, with a volume of 6,267 shares.

LiveWire Group Stock Down 5.6 %

The firm has a fifty day simple moving average of $4.68 and a 200-day simple moving average of $5.79.

LiveWire Group (NYSE:LVWR) last issued its earnings results on Wednesday, February 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. LiveWire Group had a negative return on equity of 60.75% and a negative net margin of 336.65%. During the same period in the prior year, the firm earned ($0.16) earnings per share.

Insider Activity

In other 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 value of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares in the company, valued at $2,763,470.60. This trade represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 12,729 shares of company stock worth $76,841 over the last three months. 1.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LiveWire Group

Institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in 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 last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in LiveWire Group by 14.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,511 shares of the company’s stock worth $224,000 after purchasing an additional 5,968 shares during the last quarter. 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.