Key Points
- Newegg director Fred Chang sold 3,582 shares for $31,951.44 at an average price of $8.92, reducing his stake by 0.13%; he still directly owns about 2.82 million shares.
- Chang had also sold 3,582 shares in each of several transactions dating back to October, with sale prices generally declining from around $11 to below $10.
- Newegg reported quarterly EPS of $0.11, beating estimates, but revenue of $320.41 million fell short of forecasts. The article reports a consensus Sell rating, and the stock was trading near its 52-week low.
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, November 9th. The shares were sold at an average price of $8.92, for a total transaction of $31,951.44. Following the completion of the transaction, the director directly owned 2,815,015 shares of the company's stock, valued at approximately $25,109,933.80. This trade represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Wednesday, November 4th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.73, for a total transaction of $34,852.86.
- 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 Friday, October 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.77, for a total transaction of $34,996.14.
- On Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 stock was 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 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 shares were 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 shares were sold at an average price of $10.64, for a total value of $38,112.48.
Newegg Commerce Stock Up 2.0%
Shares of NASDAQ NEGG opened at $8.65 on Friday. 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 stock has a 50 day moving average price of $11.81 and a 200 day moving average price of $24.86. Newegg Commerce, Inc. has a 52 week low of $8.26 and a 52 week high of $91.74.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate 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 Ratings Changes
Separately, Weiss Ratings reissued 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, the company currently has a consensus rating of "Sell".
Get Our Latest Research Report on NEGG
Newegg Commerce Company Profile
(
Get Free Report)
Newegg Commerce, Inc. operates Newegg, an online retailer specializing in computer hardware, consumer electronics and related technology products. Its offerings include computer components, laptops, gaming products, peripherals, networking equipment and other consumer goods. The company also serves third-party sellers through its online marketplace and provides services such as product fulfillment and advertising. Newegg was founded in 2001 and built its reputation among technology enthusiasts and PC builders.
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