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

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction on Friday, October 16th. The shares were sold at an average price of $11.13, for a total value of $39,867.66. Following the completion of the sale, the director directly owned 2,872,327 shares of the company’s stock, valued at $31,968,999.51. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $38,363.22.
• On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 value of $40,476.60.
• On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.63, for a total transaction of $41,658.66.
• On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were 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 value of $47,210.76.
• On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.13, for a total value 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 value of $48,930.12.

Newegg Commerce Stock Down 2.4%

Shares of NASDAQ NEGG opened at $10.56 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $14.43 and a two-hundred day moving average of $19.65. Newegg Commerce, Inc. has a 1 year low of $10.34 and a 1 year high of $96.29.

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 for the quarter, compared to analyst estimates of $439.20 million.

Analyst Ratings Changes

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 MarketBeat.com, the stock currently has an average rating of “Sell”.

Newegg Commerce Company Profile

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.