LiveWire Group (NYSE:LVWR) Sees Unusually-High Trading Volume

Shares of LiveWire Group, Inc. (NYSE:LVWR) saw strong trading volume on Friday . 30,219 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 27,176 shares.The stock last traded at $6.61 and had previously closed at $6.49.

LiveWire Group Stock Performance

The business’s 50-day simple moving average is $6.82 and its 200-day simple moving average is $7.00. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -11.55 and a beta of 0.96.

LiveWire Group (NYSE:LVWR) last posted its earnings results on Thursday, July 25th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.03. The company had revenue of $6.45 million during the quarter. LiveWire Group had a negative return on equity of 52.93% and a negative net margin of 277.31%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp lifted its position in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,209 shares of the company’s stock after purchasing an additional 1,530 shares during the quarter. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.