Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $8.61, for a total value of $30,841.02. Following the sale, the director owned 2,807,851 shares in the company, valued at approximately $24,175,597.11. This represents a 0.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Fred Faching Chang also recently made the following trade(s):
- On Monday, November 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $8.92, for a total value of $31,951.44.
- On Wednesday, November 4th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.73, for a total transaction of $34,852.86.
- On Monday, November 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.92, for a total transaction of $35,533.44.
- On Friday, October 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.77, for a total transaction of $34,996.14.
- On Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.78, for a total transaction of $35,031.96.
- On Monday, October 26th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.49, for a total transaction of $33,993.18.
- On Friday, October 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.85, for a total transaction of $35,282.70.
- On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction of $38,112.48.
- On Monday, October 19th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.71, for a total transaction of $38,363.22.
- On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.13, for a total transaction of $39,867.66.
Newegg Commerce Price Performance
Shares of Newegg Commerce stock traded up $0.18 during trading on Friday, hitting $8.83. 23,205 shares of the stock were exchanged, compared to its average volume of 34,690. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $11.65 and a 200-day moving average price of $24.63. Newegg Commerce, Inc. has a 1-year low of $8.26 and a 1-year high of $80.00.
Newegg Commerce (NASDAQ:NEGG – Get Free Report) last issued its earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.
Institutional Investors Weigh In On Newegg Commerce
A hedge fund recently bought a new stake in Newegg Commerce stock. Marshall Wace LLP acquired a new position in shares of Newegg Commerce, Inc. (NASDAQ:NEGG – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 63,109 shares of the company’s stock, valued at approximately $833,000. Marshall Wace LLP owned 0.17% of Newegg Commerce at the end of the most recent reporting period. Institutional investors and hedge funds own 0.45% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Newegg Commerce in a research note on Friday, October 9th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.
View Our Latest Stock Analysis on Newegg Commerce
Newegg Commerce Company Profile
Newegg Commerce, Inc. operates Newegg, an online retailer specializing in computer hardware, consumer electronics and related technology products. Its offerings include computer components, laptops, gaming products, peripherals, networking equipment and other consumer goods. The company also serves third-party sellers through its online marketplace and provides services such as product fulfillment and advertising. Newegg was founded in 2001 and built its reputation among technology enthusiasts and PC builders.
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