LiveWire Group (NYSE:LVWR) Shares Gap Down to $6.93

Shares of LiveWire Group, Inc. (NYSE:LVWR) gapped down before the market opened on Wednesday . The stock had previously closed at $6.93, but opened at $6.63. LiveWire Group shares last traded at $6.51, with a volume of 1,517 shares traded.

LiveWire Group Price Performance

The stock has a 50 day moving average of $6.87 and a two-hundred day moving average of $7.01. The stock has a market capitalization of $1.17 billion, a PE ratio of -11.84 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, beating the consensus estimate of ($0.15) by $0.03. LiveWire Group had a negative net margin of 277.31% and a negative return on equity of 52.93%. The firm had revenue of $6.45 million during the quarter.

Institutional Inflows and Outflows

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