LiveWire Group (NYSE:LVWR) Sees Unusually-High Trading Volume – What’s Next?

Shares of LiveWire Group, Inc. (NYSE:LVWR) saw strong trading volume on Tuesday . 63,311 shares changed hands during trading, an increase of 140% from the previous session’s volume of 26,387 shares.The stock last traded at $5.29 and had previously closed at $5.55.

LiveWire Group Stock Performance

The business has a fifty day moving average of $6.08 and a two-hundred day moving average of $6.58. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -10.99 and a beta of 0.94.

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

Insider Activity at LiveWire Group

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of LiveWire Group stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 456,772 shares of the company’s stock, valued at $2,763,470.60. The trade was a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,729 shares of company stock worth $76,841 in the last ninety days. 1.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,209 shares of the company’s stock after purchasing an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. 0.88% of the stock is currently owned by hedge funds and other institutional investors.

About LiveWire Group

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.