Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 15,000 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 15,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $31.88, for a total value of $478,200.00. Following the completion of the sale, the director directly owned 3,384,433 shares of the company’s stock, valued at $107,895,724.04. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 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 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.
• 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 Trading Up 5.5%

Newegg Commerce stock traded up $1.07 on Wednesday, hitting $20.57. 131,778 shares of the stock traded hands, compared to its average volume of 76,664. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. The business’s fifty day simple moving average is $36.49 and its 200 day simple moving average is $51.41. Newegg Commerce, Inc. has a 1 year low of $4.70 and a 1 year high of $137.84.

Newegg Commerce (NASDAQ:NEGG) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.38. The firm had revenue of $374.40 million for the quarter, compared to analysts’ expectations of $439.20 million.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Newegg Commerce

Several large investors have recently bought and sold shares of NEGG. NewEdge Advisors LLC bought a new stake in Newegg Commerce in the 3rd quarter worth about $30,000. Royal Bank of Canada boosted its position in Newegg Commerce by 5,472.2% in the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares during the last quarter. Bank of America Corp DE boosted its position in 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 worth $175,000 after purchasing an additional 10,675 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Newegg Commerce in the third quarter worth about $207,000. Finally, Quantum Private Wealth LLC purchased a new position in Newegg Commerce in the third quarter worth about $210,000. 0.45% of the stock is currently owned by institutional investors.

Newegg Commerce Company Profile

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.