LiveWire Group (NYSE:LVWR) Sets New 12-Month Low – Should You Sell?

LiveWire Group, Inc. (NYSE:LVWR) reached a new 52-week low on Monday . The company traded as low as $3.03 and last traded at $3.07, with a volume of 51038 shares trading hands. The stock had previously closed at $3.35.

LiveWire Group Stock Performance

The stock has a 50 day simple moving average of $4.87 and a two-hundred day simple moving average of $5.88. The firm has a market cap of $626.01 million, a PE ratio of -6.11 and a beta of 0.95.

Insider Buying and Selling

In related news, CEO Karim Donnez sold 9,202 shares of LiveWire Group 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 sale, the chief executive officer now directly owns 456,772 shares in the company, valued at approximately $2,763,470.60. The trade was a 1.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 12,729 shares of company stock worth $76,841. Insiders own 1.92% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in LiveWire Group stock. JPMorgan Chase & Co. boosted its holdings in LiveWire Group, Inc. (NYSE:LVWR) by 201.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,166 shares of the company’s stock after acquiring an additional 20,144 shares during the period. JPMorgan Chase & Co.’s holdings in LiveWire Group were worth $184,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.88% of the company’s stock.

LiveWire Group Company Profile

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.