Key Points
- Newegg director Fred Chang sold 3,582 shares for $34,853 at an average price of $9.73, continuing a pattern of similar sales on multiple dates in October and November.
- After the sale, Chang still directly owned 2,825,761 shares, worth about $27.5 million; the transaction reduced his position by 0.13%.
- Newegg beat quarterly EPS estimates but reported revenue below forecasts, and MarketBeat data showed an average analyst rating of Sell.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $9.73, for a total value of $34,852.86. Following the sale, the director directly owned 2,825,761 shares in the company, valued at approximately $27,494,654.53. The trade was a 0.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $9.92, for a total value of $35,533.44.
- On Friday, October 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.77, for a total value of $34,996.14.
- 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 value of $35,031.96.
- On Monday, October 26th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.49, for a total value 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 value 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 value 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 value 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 value 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 shares were sold at an average price of $11.30, for a total transaction of $40,476.60.
Newegg Commerce Price Performance
Shares of NASDAQ NEGG opened at $9.25 on Friday. Newegg Commerce, Inc. has a twelve month low of $8.75 and a twelve month high of $96.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64. The firm has a 50-day moving average of $12.60 and a two-hundred day moving average of $25.87.
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, topping the consensus estimate of ($0.40) by $0.51. The business had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Newegg Commerce in a report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Newegg Commerce has an average rating of "Sell".
Check Out Our Latest Stock Analysis on NEGG
About Newegg Commerce
(
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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