Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $450,400.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Faching Chang sold 20,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $22.52, for a total value of $450,400.00. Following the completion of the transaction, the director owned 3,286,646 shares of the company’s stock, valued at approximately $74,015,267.92. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 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.
  • 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 value 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 value 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 value of $690,600.00.

Newegg Commerce Price Performance

Shares of NASDAQ:NEGG opened at $20.27 on Friday. Newegg Commerce, Inc. has a 1-year low of $4.70 and a 1-year high of $137.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. The business has a fifty day moving average price of $35.06 and a 200-day moving average price of $50.32.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.38. The company had revenue of $374.40 million for the quarter, compared to the consensus estimate of $439.20 million.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on NEGG

Institutional Investors Weigh In On Newegg Commerce

Several institutional investors have recently modified their holdings of NEGG. Marshall Wace LLP purchased a new stake in shares of Newegg Commerce during the second quarter valued at $4,281,000. UBS Group AG boosted its position in shares of Newegg Commerce by 242.0% during the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after buying an additional 53,411 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Newegg Commerce during the third quarter valued at $1,762,000. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce during the fourth quarter valued at $2,042,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Newegg Commerce during the third quarter valued at $1,603,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

About Newegg Commerce

(Get Free Report)

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.

Further Reading

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

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