Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 6,944 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $25.41, for a total transaction of $176,447.04. Following the transaction, the director directly owned 3,346,646 shares in the company, valued at approximately $85,038,274.86. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Fred Faching Chang also recently made the following trade(s):
- 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 transaction 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 transaction 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 transaction of $473,200.00.
- 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $31.88, for a total transaction of $478,200.00.
- On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $33.94, for a total transaction of $509,100.00.
- On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $34.53, for a total transaction of $690,600.00.
Newegg Commerce Price Performance
NEGG stock traded up $1.07 during trading on Wednesday, hitting $20.57. 131,778 shares of the company’s stock traded hands, compared to its average volume of 76,664. The business has a fifty day simple moving average of $36.49 and a two-hundred day simple moving average of $51.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. Newegg Commerce, Inc. has a 1 year low of $4.70 and a 1 year high of $137.84.
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Stock Report on Newegg Commerce
Institutional Investors Weigh In On Newegg Commerce
Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in Newegg Commerce in the third quarter valued at approximately $30,000. Royal Bank of Canada boosted its stake in Newegg Commerce by 5,472.2% in the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after acquiring an additional 985 shares in the last quarter. Bank of America Corp DE boosted its stake in Newegg Commerce by 10,675.0% in the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after acquiring an additional 10,675 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Newegg Commerce in the third quarter valued at approximately $207,000. Finally, Quantum Private Wealth LLC acquired a new stake in Newegg Commerce in the third quarter valued at approximately $210,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.
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.
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