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

Shares of LiveWire Group, Inc. (NYSE:LVWR) gapped down before the market opened on Monday . The stock had previously closed at $5.74, but opened at $5.57. LiveWire Group shares last traded at $5.47, with a volume of 4,732 shares.

LiveWire Group Stock Down 1.9 %

The firm has a market cap of $1.14 billion, a PE ratio of -11.25 and a beta of 0.94. The stock has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $6.59.

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

Insider Transactions at LiveWire Group

In related news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 12,729 shares of company stock worth $76,841. Insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp lifted its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,209 shares of the company’s stock after purchasing an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.