LiveWire Group (NYSE:LVWR) Shares Up 8.5% – Should You Buy?

LiveWire Group, Inc. (NYSE:LVWR) shares shot up 8.5% on Tuesday . The company traded as high as $5.91 and last traded at $5.90. 14,972 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 25,900 shares. The stock had previously closed at $5.44.

LiveWire Group Stock Performance

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -10.67 and a beta of 0.94. The firm has a fifty day moving average price of $6.11 and a 200-day moving average price of $6.62.

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

Insider Buying and Selling

In other news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 12,729 shares of company stock worth $76,841. 1.92% of the stock is owned by company insiders.

Institutional Trading of LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Barclays PLC grew its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,210 shares of the company’s stock after acquiring an additional 19,474 shares during the period. Barclays PLC’s holdings in LiveWire Group were worth $159,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.