Fred Faching Chang Sells 10,000 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

by · The Markets Daily

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $17.91, for a total value of $179,100.00. Following the transaction, the director owned 3,146,646 shares in the company, valued at $56,356,429.86. The trade was a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $19.40, for a total value 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 value 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 value 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 value 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 value 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 value 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 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.

Newegg Commerce Stock Performance

NASDAQ NEGG traded up $0.35 during midday trading on Monday, hitting $18.92. 299,743 shares of the company traded hands, compared to its average volume of 79,808. The company has a quick ratio of 0.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The company’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $47.70. Newegg Commerce, Inc. has a 52 week low of $4.84 and a 52 week high of $137.84.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Trading of Newegg Commerce

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in shares of Newegg Commerce in the 3rd quarter worth $30,000. Royal Bank of Canada lifted its position in 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 acquired a new stake in Newegg Commerce during the 4th quarter worth about $251,000. Qube Research & Technologies Ltd acquired a new stake in Newegg Commerce during the 3rd quarter worth about $207,000. Finally, Quantum Private Wealth LLC acquired a new stake in Newegg Commerce during the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on NEGG

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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