LiveWire Group (NYSE:LVWR) Trading Down 6.4% Following Insider Selling

Shares of LiveWire Group, Inc. (NYSE:LVWRGet Free Report) traded down 6.4% during trading on Monday after an insider sold shares in the company. The stock traded as low as $6.55 and last traded at $6.61. 13,983 shares traded hands during trading, a decline of 44% from the average session volume of 25,179 shares. The stock had previously closed at $7.06.

Specifically, Director Kjell Gruner sold 5,000 shares of LiveWire Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $6.67, for a total transaction of $33,350.00. Following the sale, the director now directly owns 57,808 shares in the company, valued at approximately $385,579.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Citigroup lowered their price target on shares of LiveWire Group from $7.75 to $7.25 and set a “neutral” rating for the company in a report on Thursday, May 9th.

Read Our Latest Research Report on LiveWire Group

LiveWire Group Stock Performance

The firm has a market cap of $1.39 billion, a P/E ratio of -12.45 and a beta of 0.96. The stock’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $9.33.

LiveWire Group (NYSE:LVWRGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $4.98 million for the quarter. LiveWire Group had a negative return on equity of 49.54% and a negative net margin of 317.96%.

LiveWire Group Company Profile

(Get Free Report)

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.

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