Key Points
- Newegg director Fred Chang sold 3,582 shares for $30,841 at an average price of $8.61; after the sale, he directly owned about 2.81 million shares.
- Chang also made repeated sales of 3,582 shares on several dates from October 16 onward, with reported sale prices falling from $11.13 to $8.61.
- Newegg shares traded at $8.83, near their 12-month low of $8.26. The stock’s average analyst rating was “Sell,” while its latest reported quarterly EPS beat estimates but revenue missed expectations.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $8.61, for a total transaction of $30,841.02. Following the completion of the transaction, the director directly owned 2,807,851 shares of the company's stock, valued at $24,175,597.11. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Fred Faching Chang also recently made the following trade(s):
- On Monday, November 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $8.92, for a total transaction of $31,951.44.
- 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 value 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 value 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 value 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 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 stock was 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 shares were sold at an average price of $11.13, for a total value of $39,867.66.
Newegg Commerce Price Performance
NASDAQ:NEGG traded up $0.18 during midday trading on Friday, hitting $8.83. 23,205 shares of the company traded hands, compared to its average volume of 34,690. The firm's fifty day moving average is $11.65 and its 200-day moving average is $24.63. Newegg Commerce, Inc. has a 12-month low of $8.26 and a 12-month high of $80.00. 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 posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to analysts' expectations of $439.20 million.
Institutional Investors Weigh In On Newegg Commerce
A hedge fund recently bought a new stake in Newegg Commerce stock. Marshall Wace LLP purchased a new position in shares of Newegg Commerce, Inc. (NASDAQ:NEGG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 63,109 shares of the company's stock, valued at approximately $833,000. Marshall Wace LLP owned about 0.17% of Newegg Commerce as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.45% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Newegg Commerce in a research note on Friday, October 9th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of "Sell".
View 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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