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

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $19.40, for a total value of $388,000.00. Following the transaction, the director directly owned 3,186,646 shares in the company, valued at approximately $61,820,932.40. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $20.14, for a total value of $201,400.00.
• On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.66, for a total value of $393,200.00.
• On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $22.52, for a total value of $450,400.00.
• On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $23.66, for a total value of $473,200.00.
• On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The shares were sold at an average price of $25.41, for a total value 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 transaction of $478,200.00.

Newegg Commerce Stock Down 0.2%

Newegg Commerce stock opened at $18.61 on Friday. 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, Inc. has a 1-year low of $4.82 and a 1-year high of $137.84. The company’s 50-day moving average is $33.42 and its 200 day moving average is $48.22.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings data on Thursday, May 28th. The company reported $999.00 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce currently has an average rating of “Sell”.

Hedge Funds Weigh In On Newegg Commerce

A number of institutional investors have recently modified their holdings of NEGG. NewEdge Advisors LLC purchased a new position in shares of Newegg Commerce during the third quarter worth approximately $30,000. Royal Bank of Canada increased its position in shares of Newegg Commerce by 5,472.2% during the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after acquiring an additional 985 shares during the period. Bank of America Corp DE increased its position in shares of Newegg Commerce by 10,675.0% during the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock worth $175,000 after acquiring an additional 10,675 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Newegg Commerce during the third quarter worth approximately $207,000. Finally, Quantum Private Wealth LLC purchased a new position in shares of Newegg Commerce during the third quarter worth approximately $210,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

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.