Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 18,539 Shares

by · The Markets Daily

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 18,539 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $20.00, for a total value of $370,780.00. Following the completion of the sale, the director owned 3,104,433 shares in the company, valued at $62,088,660. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The shares were sold at an average price of $20.19, for a total value of $223,927.29.
  • On Monday, June 1st, Fred Faching Chang sold 2,583 shares of Newegg Commerce stock. The shares were sold at an average price of $17.58, for a total transaction of $45,409.14.
  • On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $17.91, for a total transaction of $179,100.00.
  • On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $20.14, for a total transaction of $201,400.00.
  • On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.40, for a total transaction 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 transaction 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 stock was sold at an average price of $26.25, for a total transaction of $525,000.00.

Newegg Commerce Stock Down 8.9%

Shares of NASDAQ NEGG opened at $18.21 on Thursday. Newegg Commerce, Inc. has a 12-month low of $6.02 and a 12-month high of $137.84. The company’s fifty day simple moving average is $32.00 and its 200 day simple moving average is $46.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.63.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new position in shares of Newegg Commerce in the third quarter valued at approximately $30,000. Royal Bank of Canada lifted its holdings in shares of Newegg Commerce by 5,472.2% in the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after purchasing an additional 985 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Newegg Commerce by 10,675.0% in the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after purchasing an additional 10,675 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Newegg Commerce in the third quarter valued at approximately $207,000. Finally, Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce in the third quarter valued at approximately $210,000. Institutional investors own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on NEGG

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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