LiveWire Group (NYSE:LVWR) Sees Unusually-High Trading Volume – Here’s Why

Shares of LiveWire Group, Inc. (NYSE:LVWR) saw an uptick in trading volume on Friday . 35,525 shares traded hands during trading, a decline of 19% from the previous session’s volume of 43,664 shares.The stock last traded at $3.79 and had previously closed at $3.78.

LiveWire Group Price Performance

The stock has a market cap of $720.72 million, a price-to-earnings ratio of -6.95 and a beta of 1.00. The company’s fifty day simple moving average is $5.17 and its two-hundred day simple moving average is $6.06.

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

Insider Transactions at LiveWire Group

In other news, CEO Karim Donnez sold 9,202 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $6.05, for a total value of $55,672.10. Following the completion of the sale, the chief executive officer now owns 456,772 shares in the company, valued at $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 12,729 shares of company stock valued at $76,841 over the last ninety days. 1.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC raised its stake in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,210 shares of the company’s stock after acquiring 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 Securities & Exchange Commission. 0.88% of the stock is 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.