Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 13,582 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $15.18, for a total transaction of $206,174.76. Following the completion of the transaction, the director directly owned 3,046,523 shares in the company, valued at $46,246,219.14. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Fred Faching Chang also recently made the following trade(s):
- On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The shares were sold at an average price of $15.13, for a total value of $190,093.32.
- On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total value 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 value of $58,744.80.
- On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.77, for a total value of $395,470.14.
- On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total value of $56,846.34.
Newegg Commerce Trading Down 4.1%
Shares of NEGG traded down $0.62 during midday trading on Thursday, reaching $14.44. The company had a trading volume of 38,841 shares, compared to its average volume of 77,256. Newegg Commerce, Inc. has a 1-year low of $12.50 and a 1-year high of $96.29. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $15.84 and a 200-day simple moving average of $25.92.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Newegg Commerce currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on Newegg Commerce
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in Newegg Commerce in the second quarter valued at $4,281,000. Bank of America Corp DE increased its holdings in shares of Newegg Commerce by 10,675.0% in the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after purchasing an additional 10,675 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Newegg Commerce in the 3rd quarter valued at about $1,603,000. UBS Group AG lifted its stake in shares of Newegg Commerce by 242.0% in 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 period. Finally, Millennium Management LLC acquired a new stake in shares of Newegg Commerce in the third quarter valued at about $981,000. Institutional investors and hedge funds own 0.45% of the company’s stock.
Newegg Commerce Company Profile
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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