Key Points
- Newegg director Fred Chang sold 3,582 shares for about $35,000 at an average price of $9.77, reducing his position by 0.13%; he still owned roughly 2.84 million shares afterward.
- The sale was part of a series of transactions in which Chang repeatedly sold 3,582 shares, with reported sale prices falling from $11.63 on October 9 to $9.92 on November 2.
- Newegg beat quarterly earnings-per-share expectations but reported revenue below forecasts. The article says the stock had a consensus “Sell” rating and was trading near its one-year low.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $9.77, for a total transaction of $34,996.14. Following the completion of the transaction, the director owned 2,836,507 shares in the company, valued at $27,712,673.39. This trade represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Fred Faching Chang also recently made the following trade(s):
- On Monday, November 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.92, for a total transaction of $35,533.44.
- On Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.78, for a total transaction of $35,031.96.
- On Monday, October 26th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.49, for a total transaction of $33,993.18.
- 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $11.63, for a total value of $41,658.66.
Newegg Commerce Price Performance
NASDAQ:NEGG opened at $9.19 on Wednesday. Newegg Commerce, Inc. has a one year low of $9.14 and a one year high of $96.29. The business has a fifty day moving average price of $12.93 and a 200-day moving average price of $26.32. 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 released 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 company had revenue of $320.41 million for the quarter, compared to analysts' expectations of $439.20 million.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Newegg Commerce in a research note on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of "Sell".
Check Out Our Latest Analysis 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 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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