Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 20,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $22.52, for a total value of $450,400.00. Following the completion of the transaction, the director directly owned 3,286,646 shares in the company, valued at approximately $74,015,267.92. This trade represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Trading Up 5.5%
Shares of NEGG stock traded up $1.07 on Wednesday, hitting $20.57. The stock had a trading volume of 131,778 shares, compared to its average volume of 76,664. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 0.76. Newegg Commerce, Inc. has a 1 year low of $4.70 and a 1 year high of $137.84. The company’s 50 day moving average price is $36.49 and its 200-day moving average price is $51.41.
Institutional Investors Weigh In On Newegg Commerce
Several large investors have recently bought and sold shares of NEGG. Marshall Wace LLP purchased a new stake in Newegg Commerce during the 2nd quarter worth about $4,281,000. Bank of America Corp DE increased its holdings in Newegg Commerce by 10,675.0% during the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock worth $175,000 after purchasing an additional 10,675 shares during the period. Ritholtz Wealth Management purchased a new stake in Newegg Commerce during the 3rd quarter worth about $243,000. Hussman Strategic Advisors Inc. purchased a new stake in Newegg Commerce during the 3rd quarter worth about $1,762,000. Finally, Quantum Private Wealth LLC purchased a new stake in Newegg Commerce during the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Analysis on Newegg Commerce
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.
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