Key Points
- Newegg Commerce director Fred Faching Chang sold 20,000 shares on May 21 at an average price of $19.40, totaling $388,000. After the sale, he still owned about 3.19 million shares.
- Chang has been actively reducing his stake with multiple sales in early and mid-May, including several transactions ranging from about 700 shares to 20,000 shares each.
- Newegg’s latest earnings showed EPS of -$0.02, beating expectations, but revenue of $374.4 million came in below consensus. The stock opened at $18.64, far below its 50-day and 200-day moving averages.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Faching Chang sold 10,000 shares of Newegg Commerce stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $20.14, for a total value of $201,400.00. Following the transaction, the director directly owned 3,176,646 shares of the company's stock, valued at approximately $63,977,650.44. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $22,699.87.
- On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The shares were sold at an average price of $30.10, for a total value of $110,075.70.
- On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $31.88, for a total value of $478,200.00.
Newegg Commerce Stock Down 4.4%
Newegg Commerce stock opened at $18.64 on Thursday. The stock has a 50-day simple moving average of $33.80 and a 200 day simple moving average of $48.73. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. Newegg Commerce, Inc. has a 12-month low of $4.82 and a 12-month high of $137.84.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.40) by $0.38. The business had revenue of $374.40 million during the quarter, compared to the consensus estimate of $439.20 million.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".
Check Out Our Latest Report on NEGG
Hedge Funds Weigh In On Newegg Commerce
Institutional investors and hedge funds have recently modified their holdings of the business. Hussman Strategic Advisors Inc. acquired a new position in shares of Newegg Commerce in the 3rd quarter valued at approximately $1,762,000. Clear Street Group Inc. acquired a new position in shares of Newegg Commerce in the 3rd quarter valued at approximately $856,000. Ritholtz Wealth Management grew its position in shares of Newegg Commerce by 247.3% in the 4th quarter. Ritholtz Wealth Management now owns 20,160 shares of the company's stock valued at $1,023,000 after purchasing an additional 14,356 shares during the period. NewEdge Advisors LLC bought a new stake in Newegg Commerce in the 3rd quarter valued at approximately $30,000. Finally, Quantum Private Wealth LLC bought a new stake in Newegg Commerce in the 3rd quarter valued at approximately $210,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.
About Newegg Commerce
(
Get Free Report)
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.
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