Key Points
- Newegg director Fred Chang sold 3,582 shares on October 19 at an average price of $10.71, receiving $38,363.22. He retained 2,868,745 shares, and the sale reduced his position by 0.12%.
- Chang has made a series of identical share sales since September 25, with sale prices declining from $13.66 to $10.71, indicating continued insider selling as the stock fell.
- NEGG opened at $10.82, near its 12-month low of $10.34, while analysts maintain a consensus “Sell” rating. The company’s latest quarterly EPS of $0.11 exceeded estimates, but revenue of $320.41 million missed expectations.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the company's stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $10.71, for a total transaction of $38,363.22. Following the transaction, the director owned 2,868,745 shares of the company's stock, valued at approximately $30,724,258.95. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.13, for a total transaction of $39,867.66.
- On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.64, for a total value of $38,112.48.
- On Monday, October 12th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.30, for a total value of $40,476.60.
- On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.63, for a total value of $41,658.66.
- On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.83, for a total value of $42,375.06.
- 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 value 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 shares were 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 transaction of $47,031.66.
- On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.66, for a total transaction of $48,930.12.
Newegg Commerce Price Performance
NEGG opened at $10.82 on Wednesday. Newegg Commerce, Inc. has a twelve month low of $10.34 and a twelve month high of $96.29. The firm's 50-day moving average price is $14.61 and its 200 day moving average price is $19.84. 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 data on Thursday, August 27th. The company reported $0.11 earnings per share (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 analysts' expectations of $439.20 million.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Newegg Commerce in a report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of "Sell".
Read Our Latest Research Report on NEGG
Newegg Commerce Company Profile
(
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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