Key Points
- Newegg Commerce director Fred Faching Chang sold 18,539 shares on June 3 at an average price of $20.00, totaling about $370,780. After the sale, he still held 3,104,433 shares valued at roughly $62.1 million.
- Chang has been actively reducing his stake over the past several weeks, with multiple earlier sales in May and early June at prices ranging from about $17.58 to $26.25 per share.
- Newegg Commerce shares were trading at $18.21 and the stock has fallen well below its 50-day and 200-day moving averages. The company also has a current analyst sentiment of Sell.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Faching Chang sold 2,583 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $17.58, for a total value of $45,409.14. Following the sale, the director owned 3,134,063 shares in the company, valued at approximately $55,096,827.54. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Wednesday, June 3rd, Fred Faching Chang sold 18,539 shares of Newegg Commerce stock. The stock was sold at an average price of $20.00, for a total value of $370,780.00.
- On Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The stock was sold at an average price of $20.19, for a total value of $223,927.29.
- On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The stock was sold at an average price of $17.91, for a total value of $179,100.00.
- On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The stock was sold at an average price of $20.14, for a total value of $201,400.00.
- On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $26.25, for a total value of $525,000.00.
Newegg Commerce Trading Down 8.9%
NASDAQ:NEGG opened at $18.21 on Thursday. The stock's fifty day moving average price is $32.00 and its two-hundred day moving average price is $46.25. Newegg Commerce, Inc. has a 52-week low of $6.02 and a 52-week high of $137.84. The company has a quick ratio of 0.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.24.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $999.00 earnings per share (EPS) for the quarter.
Institutional Trading of Newegg Commerce
Several institutional investors and hedge funds have recently made changes to their positions in NEGG. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce during the 3rd quarter valued at $30,000. Royal Bank of Canada raised its position in shares of Newegg Commerce by 5,472.2% during the 4th 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 last quarter. Bank of America Corp DE raised its position in shares of Newegg Commerce by 10,675.0% during the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company's stock valued at $175,000 after acquiring an additional 10,675 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Newegg Commerce during the 3rd quarter valued at $207,000. Finally, Quantum Private Wealth LLC bought a new stake in shares of Newegg Commerce in the 3rd quarter valued at $210,000. Institutional investors own 0.45% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Newegg Commerce from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
Read Our Latest Report on NEGG
Newegg Commerce Company Profile
(
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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