LiveWire Group (NYSE:LVWR) Trading Up 5.8%

LiveWire Group, Inc. (NYSE:LVWR)’s stock price was up 5.8% on Wednesday . The stock traded as high as $6.93 and last traded at $6.93. Approximately 1,427 shares were traded during trading, a decline of 95% from the average daily volume of 27,568 shares. The stock had previously closed at $6.55.

LiveWire Group Price Performance

The firm has a 50-day simple moving average of $9.23 and a 200 day simple moving average of $9.64.

LiveWire Group (NYSE:LVWR) last announced its earnings results on Thursday, February 8th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $15.09 million for the quarter. LiveWire Group had a negative return on equity of 43.28% and a negative net margin of 288.11%.

Institutional Trading of LiveWire Group

Several institutional investors and hedge funds have recently bought and sold shares of LVWR. BlackRock Inc. acquired a new stake in LiveWire Group during the second quarter worth about $5,112,000. State Street Corp acquired a new stake in shares of LiveWire Group in the 2nd quarter worth about $1,549,000. Geode Capital Management LLC bought a new position in LiveWire Group in the 2nd quarter worth about $1,254,000. Northern Trust Corp increased its stake in shares of LiveWire Group by 426.2% in the third quarter. Northern Trust Corp now owns 72,523 shares of the company’s stock valued at $503,000 after purchasing an additional 58,740 shares during the period. Finally, Vanguard Group Inc. grew its holdings in LiveWire Group by 89.4% in the 4th quarter. Vanguard Group Inc. now owns 112,662 shares of the company’s stock worth $1,274,000 after buying an additional 53,180 shares in the last quarter. Institutional investors and hedge funds 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.