Key Points
- Director Fred Chang sold 3,582 Newegg shares at an average price of $14.47, generating $51,831.54. He retained 3,030,377 shares, and the transaction reduced his stake by 0.12%.
- Chang has made several additional sales since September 1, selling more than 70,000 shares in total during the period at prices ranging from $15.13 to $16.77.
- Newegg shares opened at $14.42 and remain well below their 52-week high of $96.29. The company beat quarterly EPS estimates but missed revenue expectations, while its sole tracked analyst maintained a Sell consensus rating.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $14.47, for a total transaction of $51,831.54. Following the completion of the sale, the director directly owned 3,030,377 shares of the company's stock, valued at $43,849,555.19. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Fred Faching Chang also recently made the following trade(s):
- 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 transaction of $190,093.32.
- On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $15.87, for a total value of $56,846.34.
Newegg Commerce Trading Down 1.7%
NASDAQ:NEGG opened at $14.42 on Tuesday. The business's 50 day moving average is $15.82 and its two-hundred day moving average is $25.18. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.51. The firm had revenue of $320.41 million during the quarter, compared to the consensus estimate of $439.20 million.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".
View Our Latest Analysis on Newegg Commerce
Newegg Commerce Company Profile
(
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.
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