LiveWire Group (NYSE:LVWR) Shares Gap Up – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price 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 0.5 %

The firm’s fifty day moving average is $4.80 and its 200-day moving average is $5.85. The stock has a market capitalization of $620.93 million, a PE ratio of -5.99 and a beta of 0.95.

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

Insider Transactions at LiveWire Group

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

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC increased its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,210 shares of the company’s stock after purchasing an additional 19,474 shares during the quarter. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent filing with the SEC. 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.