Newegg Commerce (NASDAQ:NEGG) Director Sells $110,075.70 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 3,657 shares of Newegg Commerce stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $30.10, for a total value of $110,075.70. Following the transaction, the director owned 3,380,776 shares of the company’s stock, valued at $101,761,357.60. The trade was a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 value 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 value 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 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 stock was sold at an average price of $32.29, for a total value of $22,699.87.
• On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was 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 stock was 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 stock was 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 during mid-day trading on Wednesday, hitting $20.57. The company’s stock had a trading volume of 131,778 shares, compared to its average volume of 76,664. Newegg Commerce, Inc. has a 52-week low of $4.70 and a 52-week high of $137.84. The business has a 50-day moving average price of $36.49 and a 200 day moving average price of $51.41. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.27.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.38. The business had revenue of $374.40 million during the quarter, compared to analysts’ expectations of $439.20 million.

Institutional Trading of Newegg Commerce

Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce in the third quarter worth $30,000. Royal Bank of Canada grew its holdings in shares of Newegg Commerce by 5,472.2% in the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after acquiring an additional 985 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce in the fourth quarter worth $251,000. Qube Research & Technologies Ltd bought a new stake in shares of Newegg Commerce in the third quarter worth $207,000. Finally, Quantum Private Wealth LLC bought a new stake in shares of Newegg Commerce in the third quarter worth $210,000. Institutional investors own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.