Key Points
- Director Fred Chang sold 3,582 Newegg shares at an average price of $13.54, generating $48,500.28. He retained 2,943,967 shares, representing a 0.12% reduction in his position.
- Chang has made several additional sales in September, including 28,500 shares on September 17 and 23,582 shares on September 15, indicating a broader pattern of insider selling.
- Newegg shares opened at $14.71 and were reported up 5.4%, while the company posted quarterly EPS of $0.11, beating estimates, despite revenue of $320.41 million falling short of expectations. The stock carries an average analyst rating of “Sell.”
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the business's stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $13.54, for a total value of $48,500.28. Following the sale, the director owned 2,943,967 shares in the company, valued at $39,861,313.18. The trade was a 0.12% decrease in their position. The sale 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 Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.79, for a total transaction of $49,395.78.
- On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total transaction of $371,925.00.
- 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 transaction 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 transaction of $51,903.18.
- 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 transaction 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 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 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.
Newegg Commerce Trading Up 5.4%
Shares of NASDAQ NEGG opened at $14.71 on Wednesday. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29. The business's 50 day moving average price is $15.74 and its 200 day moving average price is $23.87. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.51. The business had revenue of $320.41 million for the quarter, compared to analysts' expectations of $439.20 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".
Get Our Latest Research Report on NEGG
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.
Further Reading
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