Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.91, for a total value of $179,100.00. Following the transaction, the director directly owned 3,146,646 shares of the company’s stock, valued at approximately $56,356,429.86. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Fred Faching Chang also recently made the following trade(s):
- On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $20.14, for a total value of $201,400.00.
- On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.40, for a total value of $388,000.00.
- 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 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 value 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 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.
Newegg Commerce Trading Up 1.9%
Shares of NASDAQ:NEGG traded up $0.35 during trading on Monday, hitting $18.92. The company had a trading volume of 299,743 shares, compared to its average volume of 79,808. Newegg Commerce, Inc. has a one year low of $4.84 and a one year high of $137.84. The company has a fifty day simple moving average of $33.05 and a two-hundred day simple moving average of $47.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.63.
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, May 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Research Report on NEGG
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in Newegg Commerce during the 3rd quarter worth $30,000. Royal Bank of Canada increased its holdings in Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares during the period. Squarepoint Ops LLC purchased a new position in Newegg Commerce during the 4th quarter worth $251,000. Qube Research & Technologies Ltd purchased a new position in Newegg Commerce during the 3rd quarter worth $207,000. Finally, Quantum Private Wealth LLC purchased a new position in Newegg Commerce during the 3rd quarter worth $210,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.
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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