Key Points
- Director Fred Chang sold 3,582 Newegg shares for approximately $47,211 at an average price of $13.18, reducing his ownership by 0.12% to 2.92 million shares. The transaction follows multiple recent sales, including larger disposals of 28,500 and 23,582 shares.
- NEGG shares opened at $11.49 and were reported down 6.8%, near the company’s 52-week low of $11.10 and well below its 52-week high of $96.29.
- 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 estimate. The sole analyst rating cited was Sell.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the firm's stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $13.18, for a total value of $47,210.76. Following the transaction, the director owned 2,915,311 shares in the company, valued at $38,423,798.98. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.13, for a total transaction of $47,031.66.
- 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 stock was 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 transaction 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 transaction of $49,395.78.
- On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The shares were 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 shares were 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 stock was 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 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 stock was sold at an average price of $15.13, for a total transaction of $190,093.32.
Newegg Commerce Stock Down 6.8%
Shares of NEGG stock opened at $11.49 on Friday. The business has a 50 day moving average of $15.61 and a two-hundred day moving average of $22.32. Newegg Commerce, Inc. has a 52 week low of $11.10 and a 52 week high of $96.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised 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 MarketBeat.com, the company has an average rating of "Sell".
Get Our Latest Research Report 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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