Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $51,903.18 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $14.49, for a total transaction of $51,903.18. Following the completion of the transaction, the director owned 3,023,213 shares of the company’s stock, valued at $43,806,356.37. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.38, for a total transaction of $315,527.16.
• On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.47, for a total transaction of $51,831.54.
• 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 transaction 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 shares were 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 stock was 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 transaction of $56,846.34.

Newegg Commerce Trading Down 1.5%

Shares of NEGG traded down $0.20 during mid-day trading on Wednesday, hitting $13.27. The company had a trading volume of 77,278 shares, compared to its average volume of 48,920. 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, Inc. has a 1-year low of $12.50 and a 1-year high of $96.29. The business’s 50-day simple moving average is $15.77 and its 200-day simple moving average is $24.70.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings results 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.

Wall Street Analyst Weigh In

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

About Newegg Commerce

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.