Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $47,031.66 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $13.13, for a total transaction of $47,031.66. Following the completion of the sale, the director owned 2,922,475 shares of the company’s stock, valued at approximately $38,372,096.75. The trade was a 0.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, September 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.18, for a total value of $47,210.76.
• On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.66, for a total value of $48,930.12.
• On Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.31, for a total value of $51,258.42.
• On Friday, September 18th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.54, for a total value of $48,500.28.
• On Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.79, for a total value of $49,395.78.
• On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The shares were 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 shares were sold at an average price of $13.38, for a total value 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 transaction 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.

Newegg Commerce Stock Performance

Shares of Newegg Commerce stock opened at $11.49 on Friday. Newegg Commerce, Inc. has a 52-week low of $11.10 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 company’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $22.32.

Newegg Commerce (NASDAQ:NEGG) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The business had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newegg Commerce has an average rating of “Sell”.

Newegg Commerce Company Profile

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.