Newegg Commerce (NASDAQ:NEGG) Director Sells 3,582 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $8.61, for a total transaction of $30,841.02. Following the transaction, the director owned 2,807,851 shares of the company’s stock, valued at approximately $24,175,597.11. The trade was a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, November 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $8.92, for a total transaction of $31,951.44.
• On Wednesday, November 4th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.73, for a total transaction of $34,852.86.
• 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 transaction 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 value 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 value of $39,867.66.

Newegg Commerce Trading Up 2.1%

Shares of Newegg Commerce stock traded up $0.18 on Friday, reaching $8.83. 23,205 shares of the company’s stock were exchanged, compared to its average volume of 34,690. Newegg Commerce, Inc. has a 52 week low of $8.26 and a 52 week high of $80.00. The firm’s 50-day moving average is $11.65 and its two-hundred day moving average is $24.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64.

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

Analysts Set New Price Targets

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

About Newegg Commerce

Newegg Commerce, Inc. operates Newegg, an online retailer specializing in computer hardware, consumer electronics and related technology products. Its offerings include computer components, laptops, gaming products, peripherals, networking equipment and other consumer goods. The company also serves third-party sellers through its online marketplace and provides services such as product fulfillment and advertising. Newegg was founded in 2001 and built its reputation among technology enthusiasts and PC builders.