Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $13.66, for a total value of $48,930.12. Following the transaction, the director directly owned 2,926,057 shares of the company’s stock, valued at $39,969,938.62. This trade represents a 0.12% decrease in their ownership of the stock. 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 Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.31, for a total transaction of $51,258.42.
- On Friday, September 18th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.54, for a total transaction of $48,500.28.
- On Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.79, for a total transaction of $49,395.78.
- On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total value of $371,925.00.
- On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.38, for a total transaction of $315,527.16.
- On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.49, for a total value of $51,903.18.
- On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.47, for a total value of $51,831.54.
- 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 shares were 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 stock was sold at an average price of $15.62, for a total value of $212,150.84.
Newegg Commerce Price Performance
Shares of NASDAQ:NEGG traded down $0.48 during midday trading on Monday, hitting $13.04. 29,467 shares of the stock were exchanged, compared to its average volume of 75,370. Newegg Commerce, Inc. has a 52-week low of $12.50 and a 52-week high of $96.29. 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’s fifty day simple moving average is $15.77 and its two-hundred day simple moving average is $23.26.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Newegg Commerce currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on NEGG
About Newegg Commerce
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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