In a recent transaction on May 23, LiveWire Group, Inc. (NYSE:LVWR) Director Gruner Kjell sold shares of the company's stock, totaling approximately $38,728 in value. The sale was executed at a weighted average price of $6.4548 per share, with individual sale prices ranging from $6.35 to $6.49.
The transaction involved the sale of 6,000 shares of LiveWire's common stock. Following the sale, Kjell's holdings in the company have decreased, yet he still retains 39,777 shares of LiveWire stock, indicating a continued vested interest in the company's performance.
LiveWire Group, Inc., known for its specialization in motorcycles, bicycles, and parts, is based in Milwaukee, Wisconsin. The company, which operates under the manufacturing sector, has been a notable name in the industry and trades under the ticker symbol LVWR on the New York Stock Exchange.
Investors and followers of LiveWire Group, Inc. may find this sale noteworthy as it reflects a transaction by a key member of the company's leadership. The details of the transaction, including the number of shares sold at each price point, are available upon request to the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer.
This transaction was publicly reported in accordance with SEC regulations and documented by Kenitra Morgan, Attorney-in-fact, on May 24, 2024.
InvestingPro Insights
As LiveWire Group, Inc. (NYSE:LVWR) navigates the market, investors are closely monitoring its financial health and stock performance. According to real-time data from InvestingPro, LiveWire's market capitalization stands at $1.35 billion, reflecting its size and investor valuation in the market. The company's Price/Earnings (P/E) ratio, a measure of its current share price relative to its per-share earnings, is negative at -12.01, indicating that the market currently does not expect positive earnings. This is further substantiated by a Price/Book (P/B) ratio of 7.34, suggesting that investors may be valuing the company's assets optimistically despite recent challenges.
InvestingPro Tips highlight that LiveWire holds more cash than debt on its balance sheet, which can provide a cushion in challenging economic times. Additionally, the company's liquid assets exceed its short-term obligations, suggesting a degree of financial flexibility. However, LiveWire has been grappling with weak gross profit margins, as evidenced by a gross profit of -11.16 million USD and a gross profit margin of -31.68% for the last twelve months as of Q1 2024. This is a critical area for potential investors to watch, as it indicates the company's efficiency in managing its cost of goods sold and its ability to turn sales into profits.
The recent sale of shares by Director Gruner Kjell may draw attention to the company's stock performance, which has seen a significant decline over the past six months, with a 40.16% drop in total return. This aligns with one of the InvestingPro Tips, which notes that the stock price has fallen considerably over the last three months. For investors seeking more in-depth analysis, there are an additional 9 tips available on InvestingPro, which can be accessed via the dedicated company page, https://www.investing.com/pro/LVWR. To enhance your investing strategy with these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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