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

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $14.47, for a total transaction of $51,831.54. Following the sale, the director directly owned 3,030,377 shares of the company’s stock, valued at approximately $43,849,555.19. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The shares were sold at an average price of $15.13, for a total value of $190,093.32.
  • On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total value of $206,174.76.
  • On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.62, for a total value of $212,150.84.
  • On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total value of $58,744.80.
  • On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total value of $395,470.14.
  • On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Stock Performance

NASDAQ NEGG opened at $14.42 on Tuesday. Newegg Commerce, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $96.29. The business has a 50 day moving average price of $15.82 and a two-hundred day moving average price of $25.18. 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 (NASDAQ:NEGGGet Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to analysts’ expectations of $439.20 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Report on NEGG

Newegg Commerce Company Profile

(Get Free Report)

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its merchandise includes computer components, laptops, desktop computers, peripherals, networking equipment, software, gaming products, home electronics, appliances and related accessories.

The company serves individual consumers, businesses and technology enthusiasts through its Newegg retail platform and marketplace. In addition to selling products directly, Newegg enables third-party merchants and brands to offer merchandise through its platform and provides services such as fulfillment, advertising and business-to-business purchasing support.

Newegg was founded in 2001 and is headquartered in the City of Industry, California.

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Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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