Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 6,483 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $30.25, for a total value of $196,110.75. Following the completion of the sale, the director owned 3,373,590 shares of the company’s stock, valued at $102,051,097.50. The trade was a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 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 shares were sold at an average price of $23.66, for a total value of $473,200.00.
- On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The shares were sold at an average price of $25.41, for a total value 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 value of $525,000.00.
- 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 value 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 value of $110,075.70.
- On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was 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 stock was sold at an average price of $34.53, for a total value of $690,600.00.
Newegg Commerce Stock Performance
Newegg Commerce stock opened at $20.27 on Friday. The business has a fifty day moving average of $35.06 and a two-hundred day moving average of $50.32. 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 twelve month low of $4.70 and a twelve month high of $137.84.
Institutional Trading of Newegg Commerce
Several hedge funds and other institutional investors have recently made changes to their positions in NEGG. Marshall Wace LLP purchased a new stake in shares of Newegg Commerce during the 2nd quarter valued at $4,281,000. Bank of America Corp DE lifted its holdings in shares of Newegg Commerce by 10,675.0% during 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 during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Newegg Commerce during the 3rd quarter valued at $243,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Newegg Commerce during the 3rd quarter valued at $1,762,000. Finally, Quantum Private Wealth LLC purchased a new stake in shares of Newegg Commerce during the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newegg Commerce has an average rating of “Sell”.
Read Our Latest Research Report on NEGG
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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