Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 10,000 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 10,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $20.14, for a total transaction of $201,400.00. Following the sale, the director directly owned 3,176,646 shares of the company’s stock, valued at $63,977,650.44. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.40, for a total transaction of $388,000.00.
• On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.66, for a total transaction of $393,200.00.
• On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $22.52, for a total transaction of $450,400.00.
• On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $23.66, for a total transaction of $473,200.00.
• On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The shares were sold at an average price of $25.41, for a total transaction of $176,447.04.
• On Friday, May 8th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $26.25, for a total transaction of $525,000.00.
• On Thursday, May 7th, Fred Faching Chang sold 6,483 shares of Newegg Commerce stock. The shares were sold at an average price of $30.25, for a total transaction of $196,110.75.
• On Wednesday, May 6th, Fred Faching Chang sold 703 shares of Newegg Commerce stock. The shares were sold at an average price of $32.29, for a total transaction of $22,699.87.
• On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The stock was sold at an average price of $30.10, for a total transaction of $110,075.70.
• On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $31.88, for a total transaction of $478,200.00.

Newegg Commerce Price Performance

NASDAQ NEGG opened at $18.64 on Thursday. The company has a 50 day simple moving average of $33.80 and a 200-day simple moving average of $48.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 0.76. Newegg Commerce, Inc. has a 52-week low of $4.82 and a 52-week high of $137.84.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.38. The company had revenue of $374.40 million during 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, May 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newegg Commerce presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of Newegg Commerce during the third quarter valued at $30,000. Royal Bank of Canada lifted its holdings in shares of Newegg Commerce by 5,472.2% during the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after acquiring an additional 985 shares during the period. Squarepoint Ops LLC bought a new position in shares of Newegg Commerce during the fourth quarter valued at $251,000. Qube Research & Technologies Ltd bought a new position in shares of Newegg Commerce during the third quarter valued at $207,000. Finally, Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce during the third quarter valued at $210,000. 0.45% of the stock is owned by institutional investors.

About Newegg Commerce

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.