Insider Selling: 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 business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $11.63, for a total transaction of $41,658.66. Following the completion of the sale, the director directly owned 2,890,237 shares in the company, valued at $33,613,456.31. This trade represents a 0.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.83, for a total transaction of $42,375.06.
• On Monday, October 5th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.82, for a total transaction of $42,339.24.
• On Friday, October 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.88, for a total transaction of $42,554.16.
• 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 transaction of $47,210.76.
• On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.13, for a total transaction of $47,031.66.
• On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.66, for a total transaction of $48,930.12.
• 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 value 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 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.

Newegg Commerce Price Performance

Shares of NEGG traded down $0.22 during mid-day trading on Tuesday, reaching $11.13. The company had a trading volume of 40,857 shares, compared to its average volume of 73,261. Newegg Commerce, Inc. has a twelve month low of $10.77 and a twelve month high of $96.29. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average is $15.39 and its 200-day moving average is $21.12.

Newegg Commerce (NASDAQ:NEGG) last posted its earnings results on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Newegg Commerce in a report on Friday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Newegg Commerce

Newegg Commerce, Inc is an online retailer and marketplace specializing in technology products and consumer electronics. Its product categories include computer components and peripherals, desktop and notebook computers, gaming products, mobile devices, networking equipment, home electronics, appliances, and related accessories. The company serves individual consumers, businesses, technology enthusiasts, and professional system builders.

In addition to selling products directly, Newegg operates a third-party marketplace that allows other merchants and brands to offer products through its platform.