Fred Faching Chang Sells 20,000 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

by · The Cerbat Gem

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 20,000 shares of Newegg Commerce stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $19.66, for a total transaction of $393,200.00. Following the transaction, the director directly owned 3,246,646 shares in the company, valued at $63,829,060.36. This represents a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • 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.
  • 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 transaction 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 transaction of $690,600.00.

Newegg Commerce Trading Up 5.5%

Shares of Newegg Commerce stock traded up $1.07 on Wednesday, hitting $20.57. 131,778 shares of the company traded hands, compared to its average volume of 76,664. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. 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 simple moving average of $36.49 and a 200 day simple moving average of $51.41.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.38. The company had revenue of $374.40 million for the quarter, compared to the consensus estimate of $439.20 million.

Institutional Investors Weigh In On Newegg Commerce

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in Newegg Commerce during the third quarter valued at $30,000. Royal Bank of Canada increased its position in Newegg Commerce by 5,472.2% during the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after acquiring an additional 985 shares during the last quarter. Squarepoint Ops LLC bought a new position in Newegg Commerce during the fourth quarter valued at $251,000. Qube Research & Technologies Ltd bought a new position in Newegg Commerce during the third quarter valued at $207,000. Finally, Quantum Private Wealth LLC bought a new position in Newegg Commerce during the third quarter valued at $210,000. Institutional investors own 0.45% of the company’s stock.

Analysts Set New Price Targets

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

View Our Latest Analysis on Newegg Commerce

About Newegg Commerce

(Get Free Report)

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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