Newegg Commerce (NASDAQ:NEGG) Director Sells $179,100.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.91, for a total value of $179,100.00. Following the completion of the sale, the director owned 3,146,646 shares of the company’s stock, valued at approximately $56,356,429.86. This trade represents a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 3rd, Fred Faching Chang sold 18,539 shares of Newegg Commerce stock. The stock was sold at an average price of $20.00, for a total transaction of $370,780.00.
• On Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The stock was sold at an average price of $20.19, for a total transaction of $223,927.29.
• On Monday, June 1st, Fred Faching Chang sold 2,583 shares of Newegg Commerce stock. The stock was sold at an average price of $17.58, for a total transaction of $45,409.14.
• 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 transaction 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 transaction of $388,000.00.
• 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 shares were sold at an average price of $26.25, for a total value of $525,000.00.

Newegg Commerce Price Performance

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

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings data on Thursday, May 28th. The company reported $999.00 earnings per share for the quarter.

Institutional Trading of Newegg Commerce

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in Newegg Commerce during the 2nd quarter worth about $4,281,000. UBS Group AG grew its holdings in Newegg Commerce by 242.0% during the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after acquiring an additional 53,411 shares during the period. Jane Street Group LLC acquired a new stake in Newegg Commerce during the 4th quarter worth about $2,042,000. BNP Paribas Financial Markets acquired a new stake in Newegg Commerce during the 3rd quarter worth about $1,603,000. Finally, XTX Topco Ltd acquired a new stake in Newegg Commerce during the 3rd quarter worth about $1,343,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded 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, According to data from MarketBeat, Newegg Commerce 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.