Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 12,564 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 12,564 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $15.13, for a total value of $190,093.32. Following the completion of the sale, the director directly owned 3,033,959 shares in the company, valued at approximately $45,903,799.67. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.18, for a total transaction of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.62, for a total transaction of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total transaction of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total transaction of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total transaction of $56,846.34.

Newegg Commerce Trading Down 4.1%

Shares of NEGG opened at $14.44 on Friday. Newegg Commerce, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $96.29. The firm’s 50-day simple moving average is $15.83 and its two-hundred day simple moving average is $25.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55.

Newegg Commerce (NASDAQ:NEGG) last released its earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.51. The business had revenue of $320.41 million for the quarter, compared to analysts’ expectations of $439.20 million.

Institutional Trading of Newegg Commerce

A number of institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in Newegg Commerce in the third quarter worth about $30,000. Royal Bank of Canada grew its holdings 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 valued at $51,000 after buying an additional 985 shares during the last quarter. Bank of America Corp DE grew its holdings 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 valued at $175,000 after buying an additional 10,675 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Newegg Commerce during the third quarter valued at approximately $207,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce during the fourth quarter valued at approximately $251,000. 0.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently 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.