Key Points
- Director Fred Chang sold 28,500 Newegg shares on September 17 at an average price of $13.05, generating $371,925. He retained 2.95 million shares valued at approximately $38.5 million.
- The sale followed a series of insider disposals throughout September, indicating continued selling activity by Chang as Newegg’s share price declined from above $16 to around $13–$14.
- Newegg shares opened at $13.65, near their 12-month low of $12.50, while analysts maintained an overall “Sell” rating. The company beat quarterly EPS estimates but reported revenue of $320.4 million versus the $439.2 million consensus.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 28,500 shares of the business's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $13.05, for a total transaction of $371,925.00. Following the transaction, the director directly owned 2,947,549 shares of the company's stock, valued at approximately $38,465,514.45. This represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 shares were 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 shares were sold at an average price of $14.49, for a total value of $51,903.18.
- On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 stock was 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 shares were 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 stock was 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 Price Performance
Shares of NEGG stock opened at $13.65 on Friday. Newegg Commerce, Inc. has a 12 month low of $12.50 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. The stock has a 50 day moving average of $15.72 and a 200-day moving average of $24.40.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".
Check Out 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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