Newegg Commerce (NASDAQ:NEGG) Stock: Insider Fred Faching Chang Sells 3,582 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $11.83, for a total value of $42,375.06. Following the completion of the sale, the director directly owned 2,897,401 shares in the company, valued at approximately $34,276,253.83. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, October 5th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.82, for a total value of $42,339.24.
• On Friday, October 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.88, for a total value of $42,554.16.
• On Wednesday, September 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.18, for a total value of $47,210.76.
• On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.13, for a total value of $47,031.66.
• On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.66, for a total value of $48,930.12.
• On Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.31, for a total value of $51,258.42.
• On Friday, September 18th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.54, for a total value of $48,500.28.
• On Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.79, for a total transaction of $49,395.78.
• On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total transaction of $371,925.00.
• On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.38, for a total transaction of $315,527.16.

Newegg Commerce Stock Performance

NASDAQ:NEGG traded down $0.43 during trading hours on Thursday, hitting $11.58. 41,252 shares of the company traded hands, compared to its average volume of 73,990. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64. Newegg Commerce, Inc. has a twelve month low of $11.10 and a twelve month high of $96.29. The firm has a 50-day moving average of $15.49 and a 200 day moving average of $21.69.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.51. The company had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce currently has a consensus rating of “Sell”.

Newegg Commerce Company Profile

Newegg Commerce, Inc is an online retailer and marketplace specializing in technology products and consumer electronics. Its product categories include computer components and peripherals, desktop and notebook computers, gaming products, mobile devices, networking equipment, home electronics, appliances, and related accessories. The company serves individual consumers, businesses, technology enthusiasts, and professional system builders.

In addition to selling products directly, Newegg operates a third-party marketplace that allows other merchants and brands to offer products through its platform.