Newegg Commerce (NASDAQ:NEGG) Director Sells $525,000.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $26.25, for a total transaction of $525,000.00. Following the completion of the sale, the director directly owned 3,353,590 shares in the company, valued at approximately $88,031,737.50. The trade was a 0.59% decrease in their ownership of the stock. 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 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 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 Performance

Shares of NEGG opened at $20.27 on Friday. Newegg Commerce, Inc. has a 52 week low of $4.70 and a 52 week high of $137.84. The firm’s 50-day simple moving average is $35.06 and its 200 day simple moving average is $50.32. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27.

Newegg Commerce (NASDAQ:NEGG) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.38. The company had revenue of $374.40 million during the quarter, compared to analyst estimates of $439.20 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in shares of Newegg Commerce during the 3rd quarter worth approximately $30,000. Royal Bank of Canada grew its position in shares of Newegg Commerce by 5,472.2% during 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 in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Newegg Commerce during the 4th quarter worth approximately $251,000. Qube Research & Technologies Ltd acquired a new position in shares of Newegg Commerce during the 3rd quarter worth approximately $207,000. Finally, Quantum Private Wealth LLC acquired a new position in shares of Newegg Commerce during the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.