Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) Director Sells $33,350.00 in Stock

LiveWire Group, Inc. (NYSE:LVWR) Director Kjell Gruner sold 5,000 shares of LiveWire Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $6.67, for a total value of $33,350.00. Following the completion of the sale, the director now owns 67,808 shares of the company’s stock, valued at $452,279.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kjell Gruner also recently made the following trade(s):

• On Monday, May 13th, Kjell Gruner sold 5,000 shares of LiveWire Group stock. The shares were sold at an average price of $6.67, for a total value of $33,350.00.

LiveWire Group Stock Down 2.9 %

Shares of NYSE:LVWR opened at $6.65 on Thursday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -12.09 and a beta of 0.96. LiveWire Group, Inc. has a 12-month low of $5.71 and a 12-month high of $12.50. The business’s 50 day moving average is $7.00 and its 200 day moving average is $9.31.

LiveWire Group (NYSE:LVWR) last announced its earnings results on Thursday, April 25th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $4.98 million for the quarter. LiveWire Group had a negative net margin of 317.96% and a negative return on equity of 49.54%.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on LiveWire Group from $7.75 to $7.25 and set a “neutral” rating for the company in a report on Thursday, May 9th.

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.