Newegg Commerce (NASDAQ:NEGG) Stock: Insider Fred Faching Chang Sells 3,582 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $11.82, for a total transaction of $42,339.24. Following the sale, the director directly owned 2,904,565 shares of the company’s stock, valued at $34,331,958.30. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fred Faching Chang also recently made the following trade(s):

  • On Friday, October 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.88, for a total transaction of $42,554.16.
  • On Wednesday, September 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.18, for a total value of $47,210.76.
  • On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.13, for a total value of $47,031.66.
  • On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $13.66, for a total value of $48,930.12.
  • On Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.31, for a total transaction of $51,258.42.
  • On Friday, September 18th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.54, for a total value of $48,500.28.
  • On Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.79, for a total value of $49,395.78.
  • On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The shares were sold at an average price of $13.05, for a total transaction of $371,925.00.
  • On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.38, for a total transaction of $315,527.16.
  • On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.49, for a total transaction of $51,903.18.

Newegg Commerce Stock Performance

Shares of Newegg Commerce stock traded down $0.03 during trading on Tuesday, reaching $11.91. 29,307 shares of the stock traded hands, compared to its average volume of 74,404. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. Newegg Commerce, Inc. has a 52-week low of $11.10 and a 52-week high of $96.29. The business has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $22.04.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $320.41 million during the quarter, compared to the consensus estimate of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. 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”.

Check Out Our Latest Stock Analysis on Newegg Commerce

About Newegg Commerce

(Get Free Report)

Newegg Commerce, Inc is an online retailer and marketplace specializing in technology products and consumer electronics. Its product categories include computer components and peripherals, desktop and notebook computers, gaming products, mobile devices, networking equipment, home electronics, appliances, and related accessories. The company serves individual consumers, businesses, technology enthusiasts, and professional system builders.

In addition to selling products directly, Newegg operates a third-party marketplace that allows other merchants and brands to offer products through its platform.

Recommended Stories

Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

Receive News & Ratings for Newegg Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newegg Commerce and related companies with MarketBeat.com's FREE daily email newsletter.