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

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Chang sold 3,582 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $13.79, for a total transaction of $49,395.78. Following the completion of the sale, the director directly owned 2,940,385 shares in the company, valued at approximately $40,547,909.15. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total transaction of $371,925.00.
  • On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.38, for a total transaction of $315,527.16.
  • On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.49, for a total transaction of $51,903.18.
  • On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.47, for a total value of $51,831.54.
  • On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The stock was 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 shares were 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 stock was 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 shares were sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Trading Up 2.9%

Shares of NEGG traded up $0.40 during midday trading on Tuesday, hitting $14.35. 34,887 shares of the company traded hands, compared to its average volume of 76,297. Newegg Commerce, Inc. has a one year low of $12.50 and a one year 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 stock has a 50-day moving average of $15.72 and a 200-day moving average of $24.07.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Newegg Commerce

About Newegg Commerce

(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.

See Also

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

Receive News & Ratings for Newegg Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newegg Commerce and related companies with MarketBeat.com's FREE daily email newsletter.