Newegg Commerce (NASDAQ:NEGG) Director Sells $110,075.70 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Faching Chang sold 3,657 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $30.10, for a total value of $110,075.70. Following the completion of the transaction, the director owned 3,380,776 shares in the company, valued at $101,761,357.60. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were 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 shares were 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 transaction 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 transaction of $176,447.04.
  • On Friday, May 8th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were 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 stock was sold at an average price of $32.29, for a total value of $22,699.87.
  • 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.
  • On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $33.94, for a total value 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 value of $690,600.00.

Newegg Commerce Stock Up 0.3%

NASDAQ NEGG opened at $20.27 on Friday. The business’s fifty day moving average is $35.06 and its 200-day moving average is $50.32. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. Newegg Commerce, Inc. has a one year low of $4.70 and a one year high of $137.84.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last posted its quarterly 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 company had revenue of $374.40 million for the quarter, compared to the consensus estimate of $439.20 million.

Analyst Ratings Changes

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Stock Report on NEGG

Hedge Funds Weigh In On Newegg Commerce

A number of large investors have recently made changes to their positions in NEGG. NewEdge Advisors LLC bought a new position in Newegg Commerce in the 3rd quarter worth about $30,000. Royal Bank of Canada increased its position 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 period. Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter worth about $251,000. Qube Research & Technologies Ltd bought a new position in shares of Newegg Commerce in the third quarter valued at approximately $207,000. Finally, Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce in the third quarter valued at approximately $210,000. 0.45% of the stock is owned by institutional investors.

Newegg Commerce Company Profile

(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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Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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