LiveWire Group (NYSE:LVWR) Shares Down 8.2% – Time to Sell?

LiveWire Group, Inc. (NYSE:LVWR) shares fell 8.2% during mid-day trading on Friday . The stock traded as low as $3.17 and last traded at $3.07. 19,429 shares were traded during trading, a decline of 58% from the average session volume of 46,147 shares. The stock had previously closed at $3.35.

LiveWire Group Trading Down 5.1 %

The business has a 50-day moving average price of $4.94 and a 200 day moving average price of $5.96. The stock has a market capitalization of $645.93 million, a P/E ratio of -6.21 and a beta of 1.00.

Insiders Place Their Bets

In other news, CEO Karim Donnez sold 9,202 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $6.05, for a total transaction of $55,672.10. Following the transaction, the chief executive officer now owns 456,772 shares of the company’s stock, valued at approximately $2,763,470.60. This represents a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 12,729 shares of company stock valued at $76,841 in the last three months. Corporate insiders own 1.92% of the company’s stock.

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Barclays PLC lifted its stake in LiveWire Group, Inc. (NYSE:LVWR) by 289.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and 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 at the end of the most recent quarter. Hedge funds and other 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.