Fred Faching Chang Sells 2,583 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 2,583 shares of Newegg Commerce stock in a transaction on Monday, June 1st. The shares were sold at an average price of $17.58, for a total transaction of $45,409.14. Following the completion of the sale, the director directly owned 3,134,063 shares in the company, valued at $55,096,827.54. This represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 3rd, Fred Faching Chang sold 18,539 shares of Newegg Commerce stock. The shares were sold at an average price of $20.00, for a total transaction of $370,780.00.
• On Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The shares were sold at an average price of $20.19, for a total transaction of $223,927.29.
• On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $17.91, for a total transaction of $179,100.00.
• On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $20.14, for a total transaction of $201,400.00.
• 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.

Newegg Commerce Trading Up 1.3%

Newegg Commerce stock opened at $18.45 on Friday. The company’s fifty day moving average price is $31.52 and its 200 day moving average price is $45.87. Newegg Commerce, Inc. has a 1 year low of $6.24 and a 1 year high of $137.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.63.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in Newegg Commerce in the 3rd quarter valued at $30,000. Royal Bank of Canada raised its holdings 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 acquiring an additional 985 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce during the 4th quarter worth $251,000. Qube Research & Technologies Ltd purchased a new position in shares of Newegg Commerce during the 3rd quarter worth $207,000. Finally, Quantum Private Wealth LLC purchased a new position in shares of Newegg Commerce during the 3rd quarter worth $210,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Newegg Commerce from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newegg Commerce 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.