Newegg Commerce (NASDAQ:NEGG) Director Sells $201,400.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Faching Chang sold 10,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $20.14, for a total value of $201,400.00. Following the completion of the transaction, the director directly owned 3,176,646 shares of the company’s stock, valued at approximately $63,977,650.44. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $19.40, for a total value of $388,000.00.
  • 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 value of $393,200.00.
  • On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was 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 stock was 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 stock was 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 value 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 value of $196,110.75.
  • On Wednesday, May 6th, Fred Faching Chang sold 703 shares of Newegg Commerce stock. The shares were sold at an average price of $32.29, for a total value of $22,699.87.
  • On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The shares were sold at an average price of $30.10, for a total value of $110,075.70.
  • On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $31.88, for a total value of $478,200.00.

Newegg Commerce Stock Performance

Shares of NEGG stock opened at $19.50 on Wednesday. The stock has a 50-day simple moving average of $34.17 and a 200 day simple moving average of $49.20. Newegg Commerce, Inc. has a fifty-two week low of $4.82 and a fifty-two week high of $137.84. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last announced its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.38. The firm had revenue of $374.40 million for the quarter, compared to the consensus estimate of $439.20 million.

Institutional Investors Weigh In On Newegg Commerce

Several hedge funds have recently modified their holdings of NEGG. Marshall Wace LLP purchased a new stake in shares of Newegg Commerce during the second quarter valued at $4,281,000. UBS Group AG lifted its holdings in shares of Newegg Commerce by 242.0% during the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after purchasing an additional 53,411 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Newegg Commerce during the third quarter valued at $1,762,000. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce during the fourth quarter valued at $2,042,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Newegg Commerce during the third quarter valued at $1,603,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on NEGG

About Newegg Commerce

(Get Free Report)

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.

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