Newegg Commerce (NASDAQ:NEGG) Director Sells $473,200.00 in Stock

by · The Cerbat Gem

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $23.66, for a total value of $473,200.00. Following the completion of the sale, the director owned 3,326,646 shares in the company, valued at approximately $78,708,444.36. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was 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 stock was sold at an average price of $22.52, for a total value of $450,400.00.
  • On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The stock was 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 stock was 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 stock was 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 Stock Performance

Shares of Newegg Commerce stock traded up $1.07 on Wednesday, reaching $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 stock 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 – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates 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.

Analyst Ratings Changes

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

Read Our Latest Stock Report on NEGG

Institutional Trading of Newegg Commerce

A number of institutional investors have recently made changes to their positions in NEGG. Marshall Wace LLP acquired a new stake in shares of Newegg Commerce in the second quarter worth approximately $4,281,000. UBS Group AG boosted its stake in shares of Newegg Commerce by 242.0% in the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after acquiring an additional 53,411 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Newegg Commerce in the third quarter worth approximately $1,762,000. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce in the fourth quarter worth approximately $2,042,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Newegg Commerce in the third quarter worth approximately $1,603,000. 0.45% of the stock is owned by institutional investors and hedge funds.

Newegg Commerce Company Profile

(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.

Recommended Stories