Fred Faching Chang Sells 10,000 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 10,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $17.91, for a total transaction of $179,100.00. Following the completion of the sale, the director directly owned 3,146,646 shares in the company, valued at $56,356,429.86. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 transaction 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 transaction 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 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 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 transaction 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 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 stock was sold at an average price of $30.10, for a total transaction of $110,075.70.

Newegg Commerce Price Performance

Shares of NASDAQ:NEGG opened at $19.99 on Wednesday. Newegg Commerce, Inc. has a 1-year low of $5.20 and a 1-year high of $137.84. The company’s fifty day moving average is $32.70 and its two-hundred day moving average is $47.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.63.

Newegg Commerce (NASDAQ:NEGG) last issued its earnings results on Thursday, May 28th. The company reported $999.00 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce has an average rating of “Sell”.

Institutional Trading of Newegg Commerce

A number of institutional investors and hedge funds have recently modified their holdings of NEGG. Marshall Wace LLP bought a new position in shares of Newegg Commerce during the second quarter worth about $4,281,000. Bank of America Corp DE grew its position in shares of Newegg Commerce by 10,675.0% during the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock worth $175,000 after acquiring an additional 10,675 shares during the last quarter. Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce during the third quarter worth about $210,000. BNP Paribas Financial Markets bought a new position in shares of Newegg Commerce during the third quarter worth about $1,603,000. Finally, UBS Group AG grew 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 worth $3,166,000 after acquiring an additional 53,411 shares during the last quarter. 0.45% of the stock is owned by institutional investors and hedge funds.

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.