Key Points
- Director Fred Chang sold 3,582 Newegg shares at an average price of $9.49, generating $33,993.18; he retained 2,850,835 shares worth approximately $27.1 million.
- Chang has made repeated sales of the same number of shares since October 2, with prices declining from $11.88 to $9.49, indicating a sustained insider-selling pattern.
- Newegg shares opened at $10.31 and remained near their 52-week low of $9.29, while analysts maintained a “Sell” outlook despite the company beating quarterly EPS estimates but missing revenue expectations.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the firm's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $9.49, for a total transaction of $33,993.18. Following the transaction, the director owned 2,850,835 shares in the company, valued at $27,054,424.15. This represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Friday, October 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.85, for a total transaction of $35,282.70.
- On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction of $38,112.48.
- On Monday, October 19th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.71, for a total transaction of $38,363.22.
- On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 transaction 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 transaction of $40,476.60.
- On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $11.88, for a total value of $42,554.16.
Newegg Commerce Trading Up 4.2%
NEGG opened at $10.31 on Thursday. The stock has a 50-day moving average of $13.62 and a 200-day moving average of $27.16. Newegg Commerce, Inc. has a 52-week low of $9.29 and a 52-week high of $96.29. 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 issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating 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.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Newegg Commerce in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Newegg Commerce has an average rating of "Sell".
Read Our Latest Analysis 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 offerings include desktop and laptop computers, computer components, peripherals, networking equipment, software, gaming products, mobile devices, home electronics and selected appliances. The company sells products directly and provides a marketplace through which third-party merchants can offer products to customers.
In addition to its retail operations, Newegg provides services for businesses and marketplace sellers, including fulfillment, logistics, advertising, product listing and other e-commerce support solutions.
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