Newegg Commerce (NASDAQ:NEGG) Director Sells $42,554.16 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $11.88, for a total transaction of $42,554.16. Following the completion of the sale, the director owned 2,908,147 shares of the company’s stock, valued at approximately $34,548,786.36. The trade was a 0.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.83, for a total value of $42,375.06.
• On Monday, October 5th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.82, for a total value of $42,339.24.
• 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 shares were sold at an average price of $13.79, for a total value 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 value 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 value of $315,527.16.

Newegg Commerce Stock Performance

NEGG opened at $11.58 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $15.47 and its two-hundred day moving average price is $21.52. Newegg Commerce, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The business 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 upgraded shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average 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.