Key Points
- Newegg director Fred Chang sold 23,582 shares at an average price of $13.38, generating $315,527.16 and reducing his direct ownership by 0.78% to 2,999,631 shares.
- Chang has made multiple additional sales since September 1, totaling substantial shares as Newegg’s stock declined from prices above $16 to around $13.27.
- Newegg reported quarterly EPS of $0.11, beating the consensus estimate of a $0.40 loss, but revenue of $320.41 million fell short of the $439.20 million forecast. Analysts maintain an overall “Sell” rating.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $14.49, for a total value of $51,903.18. Following the transaction, the director owned 3,023,213 shares of the company's stock, valued at $43,806,356.37. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- 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 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 value 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 value of $190,093.32.
- On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were 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 transaction 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 transaction 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 transaction 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 transaction of $56,846.34.
Newegg Commerce Stock Performance
Shares of NEGG stock opened at $13.27 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $15.77 and a 200 day simple moving average of $24.70. 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 released its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.51. The company had revenue of $320.41 million during the quarter, compared to the consensus estimate of $439.20 million.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded 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, Newegg Commerce currently has an average rating of "Sell".
View Our Latest Research Report 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
