LiveWire Group, Inc. (NYSE:LVWR) director Gruner Kjell has recently sold a total of 5,000 shares of the company's common stock, according to the latest Form 4 filing with the Securities and Exchange Commission. The transactions, which took place on May 16, 2024, resulted in a total sale amount of $32,705, with the weighted average price per share being $6.541.
The sales were executed in multiple transactions at prices ranging from $6.48 to $6.61, reflecting the market's fluctuations on the day of the sale. Following this sale, Gruner Kjell's holdings in LiveWire Group, Inc. have decreased, yet he still retains 42,808 shares in the company, which are held directly.
LiveWire Group, Inc., known for its presence in the motorcycles, bicycles, and parts industry, has seen its stock being actively traded under the ticker symbol LVWR. This recent transaction provides investors with insight into the trading behavior of one of the company's directors, although it should be noted that the reasons for the sale have not been disclosed.
Investors often monitor insider transactions as they can provide valuable signals about the company's current state and future prospects. However, it is essential to consider a wide range of factors when assessing the implications of insider trading activities.
The SEC filing was signed on behalf of Gruner Kjell by Kenitra Morgan, Attorney-in-fact, on May 17, 2024. The document includes a footnote indicating that full information regarding the number of shares sold at each separate price will be provided upon request by the SEC staff, the issuer, or a security holder of the issuer.
InvestingPro Insights
LiveWire Group, Inc. (NYSE:LVWR) has been under the microscope following insider trading activity. In light of this, a closer look at the company's financial health and market performance via InvestingPro data and tips can offer investors additional context. With a market capitalization of $1.34 billion, LiveWire's financials paint a mixed picture. The company's Price/Earnings (P/E) ratio stands at a negative -11.93, indicating that investors are paying for a company that is currently unprofitable. Furthermore, with a negative revenue growth of -20.26% over the last twelve months as of Q1 2024, it suggests a contraction in the company's sales.
An InvestingPro Tip highlights that LiveWire holds more cash than debt on its balance sheet, which is a positive sign for financial stability and may provide some buffer against market volatility. In addition, the company's liquid assets exceed its short-term obligations, suggesting that LiveWire is well-positioned to cover its immediate liabilities. However, it's worth noting that analysts are not optimistic about the company's profitability in the near term, and the stock has experienced a significant decline over the last three months, with a price total return of -37.48%.
For investors seeking a deeper dive into LiveWire's financials and market performance, InvestingPro offers additional insights. There are 10 more InvestingPro Tips available for LVWR, which can be accessed through the dedicated page at Investing.com. These tips could provide further clarity on the company's valuation and future prospects. For those interested in a comprehensive analysis, 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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