Newegg Commerce (NASDAQ:NEGG) Stock Price Down 12.9% – Should You Sell?

Newegg Commerce, Inc. (NASDAQ:NEGG)’s share price fell 12.9% during mid-day trading on Monday . The company traded as low as $90.00 and last traded at $87.80. 321,903 shares changed hands during trading, a decline of 38% from the average session volume of 519,371 shares. The stock had previously closed at $100.75.

Newegg Commerce Trading Down 16.1%

The business’s 50 day moving average price is $43.96 and its 200-day moving average price is $19.33. The company has a current ratio of 1.25, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41.

Insider Transactions at Newegg Commerce

In other Newegg Commerce news, major shareholder Vladimir Galkin bought 416,799 shares of the business’s stock in a transaction dated Thursday, July 17th. The stock was acquired at an average cost of $29.68 per share, with a total value of $12,370,594.32. Following the purchase, the insider owned 3,194,576 shares in the company, valued at approximately $94,815,015.68. This represents a 15.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders purchased 1,133,230 shares of company stock worth $37,525,071. Insiders own 22.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NEGG. Marshall Wace LLP acquired a new position in Newegg Commerce during the second quarter worth about $4,281,000. XTX Topco Ltd purchased a new stake in shares of Newegg Commerce during the 1st quarter worth approximately $55,000. Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce during the 4th quarter worth approximately $69,000. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce in the 4th quarter worth approximately $44,000. Finally, Renaissance Technologies LLC increased its stake in Newegg Commerce by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock valued at $34,000 after purchasing an additional 34,900 shares in the last quarter. Institutional investors and hedge funds own 0.45% of the company’s stock.

About Newegg Commerce

Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.