Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 18,539 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $20.00, for a total value of $370,780.00. Following the completion of the sale, the director owned 3,104,433 shares of the company’s stock, valued at $62,088,660. The trade was a 0.59% 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 Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The shares were sold at an average price of $20.19, for a total value of $223,927.29.
- On Monday, June 1st, Fred Faching Chang sold 2,583 shares of Newegg Commerce stock. The shares were sold at an average price of $17.58, for a total value of $45,409.14.
- On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $17.91, for a total value of $179,100.00.
- 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.
Newegg Commerce Trading Up 1.3%
Shares of NASDAQ NEGG opened at $18.45 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $31.52 and a 200 day moving average price of $45.87. Newegg Commerce, Inc. has a 52-week low of $6.24 and a 52-week high of $137.84.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Newegg Commerce from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Analysis on Newegg Commerce
Hedge Funds Weigh In On Newegg Commerce
A number of large investors have recently bought and sold shares of NEGG. NewEdge Advisors LLC acquired a new position in shares of Newegg Commerce during the third quarter worth $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 worth $51,000 after purchasing an additional 985 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Newegg Commerce during the third quarter worth $207,000. Squarepoint Ops LLC acquired a new position in shares of Newegg Commerce during the fourth quarter worth $251,000. Finally, Quantum Private Wealth LLC acquired a new position in shares of Newegg Commerce during the third quarter worth $210,000. Institutional investors 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.
Featured Stories
- Five stocks we like better than Newegg Commerce
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Newegg Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newegg Commerce and related companies with MarketBeat.com's FREE daily email newsletter.
