Key Points
- Director Fred Chang sold 3,582 Newegg shares at an average price of $13.13, generating $47,031.66. He retained 2,922,475 shares, and the transaction reduced his ownership by 0.12%.
- Chang has conducted multiple additional sales in September, including a combined 52,000-plus shares in several transactions, indicating a broader pattern of insider selling.
- Newegg shares opened at $13.20, well below their 50-day and 200-day moving averages, while analysts maintain an average “Sell” rating. The company recently beat quarterly earnings expectations but reported revenue below forecasts.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the business's stock in a transaction on Monday, September 28th. The stock was sold at an average price of $13.13, for a total value of $47,031.66. Following the completion of the transaction, the director directly owned 2,922,475 shares of the company's stock, valued at approximately $38,372,096.75. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.66, for a total transaction of $48,930.12.
- On Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.31, for a total transaction of $51,258.42.
- On Friday, September 18th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.54, for a total value of $48,500.28.
- 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 value 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 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 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 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.
Newegg Commerce Stock Down 0.2%
Newegg Commerce stock opened at $13.20 on Thursday. The stock's 50 day moving average price is $15.71 and its 200 day moving average price is $22.59. Newegg Commerce, Inc. has a one year low of $12.50 and a one year high of $96.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last announced its 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 firm had revenue of $320.41 million during the quarter, compared to analysts' expectations of $439.20 million.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".
Get Our Latest Research Report on Newegg Commerce
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.
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