Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 3,582 Shares of Company Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the business’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $9.77, for a total value of $34,996.14. Following the completion of the transaction, the director owned 2,836,507 shares of the company’s stock, valued at $27,712,673.39. This represents a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.92, for a total value of $35,533.44.
• On Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.78, for a total value of $35,031.96.
• On Monday, October 26th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.49, for a total value of $33,993.18.
• On Friday, October 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.85, for a total value of $35,282.70.
• On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.64, for a total value of $38,112.48.
• On Monday, October 19th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.71, for a total transaction of $38,363.22.
• On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.13, for a total transaction of $39,867.66.
• On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction of $38,112.48.
• On Monday, October 12th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.30, for a total transaction of $40,476.60.
• On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.63, for a total transaction of $41,658.66.

Newegg Commerce Price Performance

NEGG opened at $9.19 on Wednesday. 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 firm has a 50 day moving average price of $12.93 and a 200-day moving average price of $26.32. Newegg Commerce, Inc. has a twelve month low of $9.14 and a twelve month high of $96.29.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Newegg Commerce in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Newegg Commerce presently 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 offerings include desktop and laptop computers, computer components, peripherals, networking equipment, software, gaming products, mobile devices, home electronics and selected appliances. The company sells products directly and provides a marketplace through which third-party merchants can offer products to customers.

In addition to its retail operations, Newegg provides services for businesses and marketplace sellers, including fulfillment, logistics, advertising, product listing and other e-commerce support solutions.