Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $34,852.86 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $9.73, for a total transaction of $34,852.86. Following the transaction, the director directly owned 2,825,761 shares of the company’s stock, valued at $27,494,654.53. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $35,533.44.
• On Friday, October 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.77, for a total transaction of $34,996.14.
• 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 shares were 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 stock was sold at an average price of $10.71, for a total value of $38,363.22.
• On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.13, for a total value 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 value of $38,112.48.
• On Monday, October 12th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.30, for a total value of $40,476.60.

Newegg Commerce Price Performance

Newegg Commerce stock opened at $9.38 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55. Newegg Commerce, Inc. has a 1-year low of $8.75 and a 1-year high of $96.29. The stock’s 50 day moving average price is $12.43 and its 200 day moving average price is $25.64.

Newegg Commerce (NASDAQ:NEGG) last released 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 analysts’ expectations of $439.20 million.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Newegg Commerce in a report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus 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.