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 that occurred on Friday, May 22nd. The shares were sold at an average price of $20.14, for a total transaction of $201,400.00. Following the sale, the director owned 3,176,646 shares in the company, valued at $63,977,650.44. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Fred Faching Chang also recently made the following trade(s):

• 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 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.

Newegg Commerce Stock Down 0.2%

Shares of NEGG stock opened at $18.61 on Friday. The firm’s 50 day moving average is $33.42 and its 200 day moving average is $48.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. Newegg Commerce, Inc. has a 12 month low of $4.82 and a 12 month high of $137.84.

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

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newegg Commerce currently has an average rating of “Sell”.

Hedge Funds Weigh In On Newegg Commerce

Institutional investors have recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. bought a new position in shares of Newegg Commerce in the 3rd quarter worth $1,762,000. Clear Street Group Inc. bought a new position in shares of Newegg Commerce in the 3rd quarter worth $856,000. Ritholtz Wealth Management increased its holdings in shares of Newegg Commerce by 247.3% in the 4th quarter. Ritholtz Wealth Management now owns 20,160 shares of the company’s stock worth $1,023,000 after buying an additional 14,356 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Newegg Commerce in the 3rd quarter worth $30,000. Finally, Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce in the 3rd quarter worth $210,000. Institutional investors own 0.45% of the company’s stock.

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.