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Livewire group executive sells $19,946 in stock

Published 12/13/2024, 04:57 PM
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MILWAUKEE—Ragland Ryan, the Head of Product Development & Design at LiveWire Group, Inc. (NYSE:LVWR), recently sold 3,526 shares of the company's common stock. The shares were sold on December 11, 2024, at prices ranging from $5.57 to $5.85 per share, resulting in a total transaction value of $19,946.

Following this transaction, Ryan holds 45,539 shares of LiveWire Group. The sale was executed in multiple transactions, reflecting a weighted average price of $5.6571 per share.

In other recent news, Harley-Davidson (NYSE:HOG) reported a downturn in its Q3 2024 earnings call, with a 13% drop in global retail sales of new motorcycles and a 26% decrease in consolidated revenue. The company's financial services (HDFS) saw a 10% increase in revenue. Harley-Davidson's electric vehicle division, LiveWire, adjusted its yearly unit expectations to 600-1,000 motorcycles due to market difficulties. The company's operating income fell by 49% to $106 million, and earnings per share were down 34% to $0.91.

In partnership news, LiveWire and KYMCO are expanding their strategic partnership to develop LiveWire's first electric maxi-scooter, targeting the European market. This product, expected to launch in the first half of 2026, will combine LiveWire's S2 powertrain technology with KYMCO's extensive experience in scooter innovation. The maxi-scooter is designed for urban commuting and adventure, and while primarily intended for European customers, it is planned for global distribution.

These are recent developments that highlight Harley-Davidson's commitment to long-term strategies, including a focus on cost productivity measures and electrification, despite the challenging market environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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