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

by · The Cerbat Gem

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $19.40, for a total value of $388,000.00. Following the sale, the director owned 3,186,646 shares of the company’s stock, valued at approximately $61,820,932.40. This represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The stock was sold at an average price of $20.14, for a total value of $201,400.00.
  • 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 transaction 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 transaction of $450,400.00.
  • On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $31.88, for a total transaction of $478,200.00.

Newegg Commerce Trading Down 4.4%

Shares of NASDAQ:NEGG opened at $18.64 on Thursday. The company’s 50 day moving average price is $33.80 and its two-hundred day moving average price is $48.73. Newegg Commerce, Inc. has a 12-month low of $4.82 and a 12-month high of $137.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.38. The business had revenue of $374.40 million for the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Newegg Commerce

Hedge Funds Weigh In On Newegg Commerce

Several hedge funds have recently bought and sold shares of NEGG. NewEdge Advisors LLC bought a new position in Newegg Commerce in the 3rd quarter valued at about $30,000. Royal Bank of Canada increased its holdings in Newegg Commerce by 5,472.2% in the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after buying an additional 985 shares during the period. Bank of America Corp DE increased its holdings in Newegg Commerce by 10,675.0% in the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after buying an additional 10,675 shares during the period. Qube Research & Technologies Ltd bought a new position in Newegg Commerce in the 3rd quarter valued at about $207,000. Finally, Quantum Private Wealth LLC bought a new position in Newegg Commerce in the 3rd quarter valued at about $210,000. 0.45% of the stock is owned by institutional investors.

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.

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