Key Points
- Newegg director Fred Faching Chang sold 3,582 shares at an average price of $11.83, generating $42,375.06; he retained 2,897,401 shares valued at roughly $34.3 million.
- Chang has conducted a series of stock sales since mid-September, including larger sales of 28,500 and 23,582 shares, while NEGG has declined toward its 52-week low of $11.10.
- Newegg beat quarterly EPS expectations with $0.11 per share, but revenue of $320.4 million missed estimates, and the lone analyst consensus rating remains Sell.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $11.83, for a total transaction of $42,375.06. Following the completion of the sale, the director owned 2,897,401 shares in the company, valued at approximately $34,276,253.83. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Monday, October 5th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.82, for a total transaction of $42,339.24.
- On Friday, October 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.88, for a total value of $42,554.16.
- On Wednesday, September 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.18, for a total value of $47,210.76.
- On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.13, for a total value 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 value 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 value 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 stock was 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 shares were sold at an average price of $13.05, for a total value 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.
Newegg Commerce Stock Performance
Shares of NEGG opened at $11.58 on Friday. The company's fifty day moving average is $15.47 and its 200 day moving average is $21.52. 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, Inc. has a fifty-two week low of $11.10 and a fifty-two week high of $96.29.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.40) by $0.51. The business had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.
Analyst Ratings Changes
Separately, Weiss Ratings raised 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 data from MarketBeat.com, Newegg Commerce currently has a consensus rating of "Sell".
Read Our Latest Stock Report on Newegg Commerce
About Newegg Commerce
(
Get Free Report)
Newegg Commerce, Inc is an online retailer and marketplace specializing in technology products and consumer electronics. Its product categories include computer components and peripherals, desktop and notebook computers, gaming products, mobile devices, networking equipment, home electronics, appliances, and related accessories. The company serves individual consumers, businesses, technology enthusiasts, and professional system builders.
In addition to selling products directly, Newegg operates a third-party marketplace that allows other merchants and brands to offer products through its platform.
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