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

LiveWire Group, Inc. (NYSE:LVWR) saw unusually-high trading volume on Friday . Approximately 30,219 shares were traded 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 Price Performance

The stock has a market cap of $1.33 billion, a PE ratio of -11.55 and a beta of 0.96. The company has a 50 day moving average price of $6.82 and a two-hundred day moving average price of $7.00.

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

Institutional Trading of LiveWire Group

An institutional investor recently raised its position in LiveWire Group stock. Bank of New York Mellon Corp raised its position in LiveWire Group, Inc. (NYSE:LVWR) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,209 shares of the company’s stock after buying an additional 1,530 shares during the period. Bank of New York Mellon Corp’s holdings in LiveWire Group were worth $362,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.88% of the company’s stock.

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.