LiveWire Group (NYSE:LVWR) Shares Gap Up – Here’s What Happened

LiveWire Group, Inc. (NYSE:LVWR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $5.88, but opened at $6.04. LiveWire Group shares last traded at $5.65, with a volume of 1,102 shares trading hands.

LiveWire Group Stock Performance

The company has a market capitalization of $1.19 billion, a PE ratio of -10.69 and a beta of 0.95. The stock has a fifty day moving average of $6.35 and a 200 day moving average of $6.86.

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

Hedge Funds Weigh In On LiveWire Group

A hedge fund recently raised its stake in LiveWire Group stock. Bank of New York Mellon Corp raised its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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. 0.88% of the stock is owned by institutional investors.

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.