Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells 3,582 Shares of Company Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $9.73, for a total transaction of $34,852.86. Following the completion of the transaction, the director owned 2,825,761 shares in the company, valued at approximately $27,494,654.53. This trade represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 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 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 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 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 value 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 value of $40,476.60.

Newegg Commerce Trading Down 6.5%

Shares of NASDAQ NEGG traded down $0.64 during midday trading on Thursday, hitting $9.25. The stock had a trading volume of 47,024 shares, compared to its average volume of 30,679. 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, Inc. has a 1-year low of $8.75 and a 1-year high of $96.29. The company has a fifty day moving average price of $12.60 and a 200 day moving average price of $25.87.

Newegg Commerce (NASDAQ:NEGG) last posted its earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The business had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Newegg Commerce in a research note on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Newegg Commerce Company Profile

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.