Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $51,831.54 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $14.47, for a total transaction of $51,831.54. Following the transaction, the director directly owned 3,030,377 shares in the company, valued at approximately $43,849,555.19. The trade was a 0.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The shares were sold at an average price of $15.13, for a total transaction of $190,093.32.
  • On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total value of $206,174.76.
  • On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total value of $212,150.84.
  • On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total value of $58,744.80.
  • On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total value of $395,470.14.
  • On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Price Performance

NASDAQ:NEGG traded down $0.25 during mid-day trading on Monday, reaching $14.42. 26,585 shares of the stock were exchanged, compared to its average volume of 76,700. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64. The business has a fifty day moving average price of $15.83 and a 200 day moving average price of $25.43. Newegg Commerce, Inc. has a 1-year low of $12.50 and a 1-year high of $96.29.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.51. The business had revenue of $320.41 million during the quarter, compared to analyst estimates 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 research report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newegg Commerce presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on NEGG

About Newegg Commerce

(Get Free Report)

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its merchandise includes computer components, laptops, desktop computers, peripherals, networking equipment, software, gaming products, home electronics, appliances and related accessories.

The company serves individual consumers, businesses and technology enthusiasts through its Newegg retail platform and marketplace. In addition to selling products directly, Newegg enables third-party merchants and brands to offer merchandise through its platform and provides services such as fulfillment, advertising and business-to-business purchasing support.

Newegg was founded in 2001 and is headquartered in the City of Industry, California.

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Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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