Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 3,582 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $9.92, for a total transaction of $35,533.44. Following the transaction, the director owned 2,832,925 shares of the company’s stock, valued at $28,102,616. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, October 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.77, for a total value of $34,996.14.
  • On Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.78, for a total transaction of $35,031.96.
  • On Monday, October 26th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.49, for a total transaction of $33,993.18.
  • On Friday, October 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.85, for a total transaction of $35,282.70.
  • On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction of $38,112.48.
  • On Monday, October 19th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.71, for a total value of $38,363.22.
  • On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.13, for a total value of $39,867.66.
  • On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total value of $38,112.48.
  • On Monday, October 12th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.30, for a total value of $40,476.60.
  • On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.63, for a total value of $41,658.66.

Newegg Commerce Trading Down 5.4%

NEGG stock traded down $0.52 during midday trading on Tuesday, reaching $9.19. 37,553 shares of the company were exchanged, compared to its average volume of 70,240. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $13.11 and a two-hundred day moving average price of $26.54. Newegg Commerce, Inc. has a one year low of $9.14 and a one year high of $96.29.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Newegg Commerce in a research note on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Newegg Commerce presently has an average rating of “Sell”.

Get Our Latest Research Report on Newegg Commerce

About Newegg Commerce

(Get Free Report)

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its offerings include desktop and laptop computers, computer components, peripherals, networking equipment, software, gaming products, mobile devices, home electronics and selected appliances. The company sells products directly and provides a marketplace through which third-party merchants can offer products to customers.

In addition to its retail operations, Newegg provides services for businesses and marketplace sellers, including fulfillment, logistics, advertising, product listing and other e-commerce support solutions.

Further Reading

Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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