Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $47,210.76 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $13.18, for a total value of $47,210.76. Following the completion of the sale, the director owned 2,915,311 shares in the company, valued at $38,423,798.98. This trade represents a 0.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • 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 transaction of $47,031.66.
  • On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.66, for a total transaction of $48,930.12.
  • On Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.31, for a total transaction of $51,258.42.
  • On Friday, September 18th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.54, for a total transaction of $48,500.28.
  • On Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.79, for a total transaction of $49,395.78.
  • 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 stock was sold at an average price of $13.38, for a total value of $315,527.16.
  • On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 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.

Newegg Commerce Trading Down 3.6%

Shares of NEGG traded down $0.44 during mid-day trading on Friday, reaching $11.89. 16,941 shares of the company’s stock traded hands, compared to its average volume of 74,564. The stock’s 50-day moving average is $15.66 and its two-hundred day moving average is $22.40. Newegg Commerce, Inc. has a 12 month low of $12.00 and a 12 month 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.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last issued its earnings results 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 the consensus estimate of $439.20 million.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on NEGG

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.

Further Reading

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

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