Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 6,944 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 6,944 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $25.41, for a total transaction of $176,447.04. Following the completion of the transaction, the director directly owned 3,346,646 shares of the company’s stock, valued at approximately $85,038,274.86. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 transaction 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 transaction 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 transaction of $473,200.00.
• 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 transaction 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 transaction 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 transaction 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 transaction of $110,075.70.
• On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $31.88, for a total transaction of $478,200.00.
• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $33.94, for a total transaction of $509,100.00.
• On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $34.53, for a total transaction of $690,600.00.

Newegg Commerce Stock Up 5.5%

Shares of NASDAQ:NEGG traded up $1.07 during trading on Wednesday, reaching $20.57. The company’s stock had a trading volume of 131,778 shares, compared to its average volume of 76,664. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. Newegg Commerce, Inc. has a 12 month low of $4.70 and a 12 month high of $137.84. The firm’s 50 day simple moving average is $36.49 and its two-hundred day simple moving average is $51.41.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.38. The firm had revenue of $374.40 million during the quarter, compared to analysts’ expectations of $439.20 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Newegg Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in Newegg Commerce in the 3rd quarter worth about $30,000. Royal Bank of Canada raised its position in Newegg Commerce by 5,472.2% in 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 shares of Newegg Commerce during the fourth quarter worth approximately $251,000. Qube Research & Technologies Ltd purchased a new position in shares of Newegg Commerce during the third quarter worth approximately $207,000. Finally, Quantum Private Wealth LLC purchased a new position in shares of Newegg Commerce during the third quarter worth approximately $210,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

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.