Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells 3,582 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $14.31, for a total transaction of $51,258.42. Following the sale, the director directly owned 2,933,221 shares in the company, valued at approximately $41,974,392.51. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 transaction 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 transaction of $49,395.78.
  • On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The shares were sold at an average price of $13.05, for a total transaction 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 transaction of $315,527.16.
  • On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.49, for a total transaction of $51,903.18.
  • On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.47, for a total transaction of $51,831.54.
  • 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 transaction of $190,093.32.
  • On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.18, for a total value of $206,174.76.
  • On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was 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.

Newegg Commerce Price Performance

Shares of NEGG traded down $0.30 during trading hours on Thursday, hitting $14.13. The stock had a trading volume of 27,321 shares, compared to its average volume of 52,301. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55. Newegg Commerce, Inc. has a 12 month low of $12.50 and a 12 month high of $96.29. The stock has a fifty day moving average price of $15.75 and a 200 day moving average price of $23.47.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to analysts’ expectations 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 analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Research Report on NEGG

Newegg Commerce Company Profile

(Get Free Report)

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its merchandise includes computer components, laptops, desktop computers, peripherals, networking equipment, software, gaming products, home electronics, appliances and related accessories.

The company serves individual consumers, businesses and technology enthusiasts through its Newegg retail platform and marketplace. In addition to selling products directly, Newegg enables third-party merchants and brands to offer merchandise through its platform and provides services such as fulfillment, advertising and business-to-business purchasing support.

Newegg was founded in 2001 and is headquartered in the City of Industry, California.

Further Reading

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

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