Trade Alert: Chief Executive Officer Of LiveWire Group Karim Donnez Has Sold Stock
LiveWire LVWR | 0.00 |
We wouldn't blame LiveWire Group, Inc. (NYSE:LVWR) shareholders if they were a little worried about the fact that Karim Donnez, the Chief Executive Officer recently netted about US$537k selling shares at an average price of US$2.33. Probably the most concerning element of the whole transaction is that the disposal amounted to 100% of their entire holding.
LiveWire Group Insider Transactions Over The Last Year
Notably, that recent sale by Karim Donnez is the biggest insider sale of LiveWire Group shares that we've seen in the last year. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$1.68). So it may not shed much light on insider confidence at current levels.
In the last year LiveWire Group insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
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Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, LiveWire Group insiders have about 1.4% of the stock, worth approximately US$5.0m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About LiveWire Group Insiders?
Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we're not rushing to buy, to say the least. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing LiveWire Group. To help with this, we've discovered 4 warning signs (3 are significant!) that you ought to be aware of before buying any shares in LiveWire Group.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
