LiveWire Group, Inc. (NYSE:LVWR) Chief Executive Officer Donnez Karim recently sold a portion of his holdings in the company. According to a recent SEC filing, Karim sold 732 shares of LiveWire's common stock on December 2, 2024. The transaction comes as the stock has declined nearly 49% year-to-date, with shares currently trading at $5.77, closer to their 52-week low of $5.20 than their high of $12.04. The shares were sold at a weighted average price of approximately $6.01 per share, resulting in a total transaction value of $4,398. Following this transaction, Karim retains ownership of 453,245 shares of LiveWire, a company currently valued at $1.16 billion. According to InvestingPro analysis, while LiveWire maintains strong liquidity with a current ratio of 3.54, the company faces profitability challenges. For deeper insights into LiveWire's financial health and detailed insider trading patterns, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, LiveWire, in partnership with KYMCO, is set to develop its first electric maxi-scooter, targeting the European market. This strategic expansion will leverage LiveWire's S2 powertrain technology and KYMCO's extensive experience in scooter innovation. The launch of the maxi-scooter is expected in the first half of 2026, extending LiveWire's S2 product line into the maxi-scooter segment.
Meanwhile, Harley-Davidson (NYSE:HOG) reported a downturn in its Q3 2024 earnings call, attributing the decline to a challenging market environment. The company experienced a 13% drop in global retail sales of new motorcycles and a significant 26% decrease in consolidated revenue. In contrast, Harley-Davidson's financial services saw a 10% increase in revenue. The company has revised its full-year outlook due to these recent developments.
Harley-Davidson's electric vehicle division, LiveWire, also adjusted its yearly unit expectations to 600-1,000 motorcycles in response to market difficulties. The company's operating income fell by 49% to $106 million, and earnings per share were down 34% to $0.91. Despite these challenges, Harley-Davidson maintains its commitment to long-term strategies, including a focus on cost productivity measures and electrification.
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