LiveWire Group (NYSE:LVWR) Trading Down 4.8%

Shares of LiveWire Group, Inc. (NYSE:LVWR) fell 4.8% during mid-day trading on Friday . The stock traded as low as $7.12 and last traded at $7.12. 1,023 shares were traded during trading, a decline of 96% from the average session volume of 23,922 shares. The stock had previously closed at $7.48.

Analyst Upgrades and Downgrades

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

LiveWire Group Trading Up 2.4 %

The company’s 50-day moving average price is $6.95 and its 200-day moving average price is $8.57.

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

Insider Buying and Selling

In related news, Director Kjell Gruner sold 5,208 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $6.39, for a total transaction of $33,279.12. Following the completion of the transaction, the director now owns 18,969 shares in the company, valued at $121,211.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 43,208 shares of company stock worth $284,733. 1.92% of the stock is owned by insiders.

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.