LiveWire Group Stock Is Gaining Monday: What's Going On? - LiveWire Gr (NYSE:LVWR)

LiveWire Group Inc.

(NYSE:LVWR) stock surged more than 71% on Monday after the electric motorcycle maker reported strong second-quarter revenue growth and narrower losses.

Second-Quarter Results Boost Investor Sentiment On Thursday, LiveWire reported second-quarter results for the period ended June 30.

Revenue increased 55% year over year to $9.1 million from $5.9 million, driven by higher unit sales in both its Electric Motorcycles and STACYC businesses.

The company also reduced its net loss to $18.2 million from $18.8 million a year earlier.