LiveWire Group (NYSE:LVWR) Reaches New 1-Year Low – Here’s Why

LiveWire Group, Inc. (NYSE:LVWR)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $3.32 and last traded at $3.50, with a volume of 4081 shares changing hands. The stock had previously closed at $3.54.

LiveWire Group Price Performance

The business’s fifty day moving average price is $5.06 and its 200 day moving average price is $5.99.

Insider Activity

In other LiveWire Group news, CEO Karim Donnez sold 9,202 shares of the business’s stock in a transaction 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 directly owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 12,729 shares of company stock valued at $76,841. Insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. JPMorgan Chase & Co. raised its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 201.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,166 shares of the company’s stock after acquiring an additional 20,144 shares during the quarter. JPMorgan Chase & Co.’s holdings in LiveWire Group were worth $184,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.88% of the company’s stock.

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.