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

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $19.40, for a total transaction of $388,000.00. Following the completion of the transaction, the director directly owned 3,186,646 shares of the company’s stock, valued at $61,820,932.40. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $20.14, for a total transaction of $201,400.00.
• 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 transaction 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.
• 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.

Newegg Commerce Stock Performance

NEGG opened at $19.50 on Wednesday. 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 has a 50-day moving average of $34.17 and a two-hundred day moving average of $49.20. Newegg Commerce, Inc. has a 12 month low of $4.82 and a 12 month high of $137.84.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate 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.

Institutional Trading of Newegg Commerce

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in shares of Newegg Commerce during the 3rd quarter worth about $30,000. Royal Bank of Canada grew its holdings in shares of 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 purchasing an additional 985 shares during the period. Bank of America Corp DE grew its holdings in shares of Newegg Commerce by 10,675.0% during the 2nd 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 period. Qube Research & Technologies Ltd purchased a new stake in shares of Newegg Commerce during the 3rd quarter worth about $207,000. Finally, Quantum Private Wealth LLC purchased a new stake in shares of Newegg Commerce during the 3rd quarter worth about $210,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

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, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.