LiveWire Group (NYSE:LVWR) Stock Price Up 2.6%

Posted by MarketBeat News on Sep 18th, 2023

LiveWire Group, Inc. (NYSE:LVWR – Get Free Report)’s share price was up 2.6% during trading on Monday . The stock traded as high as $10.26 and last traded at $10.26. Approximately 746 shares changed hands during trading, a decline of 98% from the average daily volume of 33,111 shares. The stock had previously closed at $10.00.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price objective on shares of LiveWire Group from $7.50 to $10.50 and gave the stock a “neutral” rating in a research note on Sunday, July 23rd.

Check Out Our Latest Stock Analysis on LVWR

LiveWire Group Stock Down 4.0 %

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The company’s 50 day moving average price is $11.14 and its 200-day moving average price is $9.17.

LiveWire Group (NYSE:LVWR – Get Free Report) last announced its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter. The business had revenue of $7.03 million for the quarter.

Institutional Trading of LiveWire Group

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in LiveWire Group in the second quarter valued at approximately $27,000. Citigroup Inc. acquired a new stake in LiveWire Group during the second quarter worth $39,000. California State Teachers Retirement System acquired a new stake in LiveWire Group during the second quarter worth $43,000. Wells Fargo & Company MN boosted its stake in LiveWire Group by 904.2% during the second quarter. Wells Fargo & Company MN now owns 5,021 shares of the company’s stock worth $59,000 after buying an additional 4,521 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in LiveWire Group during the second quarter worth $63,000. 0.51% of the stock is currently owned by institutional investors and hedge funds.

About LiveWire Group

(Get Free Report)

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company offers electric motorcycles and parts, accessories, and apparel. It serves wholesalers, independent dealers, retailers, and through online.