Insider Selling: LiveWire Group, Inc. (NYSE:LVWR) Director Sells $38,880.00 in Stock

LiveWire Group, Inc. (NYSE:LVWR) Director Kjell Gruner sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $6.48, for a total value of $38,880.00. Following the transaction, the director now owns 45,777 shares in the company, valued at approximately $296,634.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, May 20th, Kjell Gruner sold 5,000 shares of LiveWire Group stock. The stock was sold at an average price of $6.53, for a total value of $32,650.00.
• On Friday, May 17th, Kjell Gruner sold 5,000 shares of LiveWire Group stock. The stock was sold at an average price of $6.59, for a total value of $32,950.00.
• On Wednesday, May 15th, Kjell Gruner sold 5,000 shares of LiveWire Group stock. The stock was sold at an average price of $6.63, for a total value of $33,150.00.
• On Monday, May 13th, Kjell Gruner sold 5,000 shares of LiveWire Group stock. The stock was sold at an average price of $6.67, for a total value of $33,350.00.
• On Thursday, May 9th, Kjell Gruner sold 5,000 shares of LiveWire Group stock. The stock was sold at an average price of $6.67, for a total value of $33,350.00.

LiveWire Group Stock Performance

LVWR opened at $6.63 on Friday. The stock’s 50 day simple moving average is $6.90 and its 200 day simple moving average is $9.14. LiveWire Group, Inc. has a 1-year low of $5.71 and a 1-year high of $12.50.

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

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price target on LiveWire Group from $7.75 to $7.25 and set a “neutral” rating on the stock 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.