Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 20,000 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $22.52, for a total transaction of $450,400.00. Following the completion of the sale, the director owned 3,286,646 shares in the company, valued at approximately $74,015,267.92. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Fred Faching Chang also recently made the following trade(s):

• On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $19.66, for a total transaction of $393,200.00.
• On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $23.66, for a total transaction of $473,200.00.
• On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The stock was sold at an average price of $25.41, for a total transaction of $176,447.04.
• On Friday, May 8th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $26.25, for a total transaction of $525,000.00.
• On Thursday, May 7th, Fred Faching Chang sold 6,483 shares of Newegg Commerce stock. The stock was sold at an average price of $30.25, for a total transaction of $196,110.75.
• On Wednesday, May 6th, Fred Faching Chang sold 703 shares of Newegg Commerce stock. The stock was sold at an average price of $32.29, for a total transaction of $22,699.87.
• On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The stock was sold at an average price of $30.10, for a total transaction of $110,075.70.
• On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $31.88, for a total value of $478,200.00.
• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $33.94, for a total value of $509,100.00.
• On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $34.53, for a total value of $690,600.00.

Newegg Commerce Trading Up 5.5%

Shares of NEGG opened at $20.57 on Thursday. The business’s 50-day moving average price is $36.05 and its 200 day moving average price is $50.98. Newegg Commerce, Inc. has a 1-year low of $4.70 and a 1-year high of $137.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 0.76.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.38. The company had revenue of $374.40 million during the quarter, compared to analysts’ expectations of $439.20 million.

Trending Headlines about Newegg Commerce

Here are the key news stories impacting Newegg Commerce this week:

• Negative Sentiment: Director Fred Faching Chang disclosed several share sales between May 4 and May 18, totaling tens of thousands of shares sold at prices ranging from about $19.66 to $32.29, which can pressure sentiment and raise concerns about insider confidence. SEC filing
• Neutral Sentiment: Despite the sales, Chang still owns more than 3.2 million shares of Newegg, so the insider continues to maintain a very large stake in the company. SEC filing

Hedge Funds Weigh In On Newegg Commerce

Several institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace LLP purchased a new position in Newegg Commerce during the 2nd quarter valued at about $4,281,000. UBS Group AG grew its stake in Newegg Commerce by 242.0% during the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after acquiring an additional 53,411 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in Newegg Commerce during the 3rd quarter valued at about $1,762,000. Jane Street Group LLC purchased a new position in Newegg Commerce during the 4th quarter valued at about $2,042,000. Finally, BNP Paribas Financial Markets purchased a new position in Newegg Commerce during the 3rd quarter valued at about $1,603,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce has a consensus rating of “Sell”.

About Newegg Commerce

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.