In a recent transaction, Gruner Kjell, a director at LiveWire Group, Inc. (NYSE:LVWR), sold 5,000 shares of the company's common stock. The sale, which took place on May 17, 2024, totaled approximately $32,967.
The shares were sold at a weighted average price of $6.5934, with individual transactions occurring within a price range of $6.55 to $6.71 per share. Following the sale, Kjell's ownership in LiveWire Group, Inc. stands at 37,808 shares of common stock.
The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which provides transparency into the trading activities of the company's insiders. These filings are a routine part of compliance for directors and executives who hold significant positions within public companies.
Investors often monitor insider transactions as they can provide insights into the confidence levels of a company's leadership in the firm's current operations and future prospects. However, it is important to note that such transactions can occur for a variety of reasons and may not necessarily reflect the executive's outlook on the company's performance.
LiveWire Group, Inc., known for its focus on manufacturing motorcycles, bicycles, and parts, is incorporated in Delaware and based in Milwaukee, Wisconsin. As of the date of the transaction, the company's stock is publicly traded on the New York Stock Exchange under the ticker symbol LVWR.
InvestingPro Insights
As LiveWire Group, Inc. (NYSE:LVWR) sees insider activity with the recent sale of shares by director Gruner Kjell, investors are looking at the company's financials and market performance to gauge the implications. According to real-time data from InvestingPro, LiveWire Group, Inc. holds a market capitalization of $1.32 billion, signaling a significant presence in its sector.
Nevertheless, the company's financial metrics present a mixed picture. The P/E ratio stands at -11.77, reflecting market skepticism about future earnings. Moreover, the company's revenue has seen a decline of 20.26% over the last twelve months as of Q1 2024, and a sharper quarterly revenue decline of 35.87% in Q1 2024. This could be a cause for concern among investors looking for growth stability. Additionally, the gross profit margin is deeply negative at -31.68%, indicating challenges in maintaining profitability.
Amid these financial figures, InvestingPro Tips provide additional context for investors. LiveWire Group, Inc. is noted to have more cash than debt on its balance sheet, which could provide some financial flexibility. However, analysts do not expect the company to be profitable this year, and the stock price has experienced a significant drop of over 32% in the past three months. With such a backdrop, the insider sale might draw particular interest from market watchers.
To gain deeper insights into LiveWire Group, Inc., investors can explore the full range of InvestingPro Tips, which include 9 additional tips for a comprehensive analysis. For those looking to take advantage of these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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