Fred Faching Chang Sells 20,000 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $26.25, for a total transaction of $525,000.00. Following the completion of the sale, the director directly owned 3,353,590 shares of the company’s stock, valued at $88,031,737.50. The trade was a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.66, for a total transaction of $393,200.00.
• On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $22.52, for a total transaction of $450,400.00.
• On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $23.66, for a total transaction of $473,200.00.
• On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The shares were sold at an average price of $25.41, for a total transaction of $176,447.04.
• On Thursday, May 7th, Fred Faching Chang sold 6,483 shares of Newegg Commerce stock. The shares were sold at an average price of $30.25, for a total transaction of $196,110.75.
• On Wednesday, May 6th, Fred Faching Chang sold 703 shares of Newegg Commerce stock. The stock was sold at an average price of $32.29, for a total transaction of $22,699.87.
• On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The stock was sold at an average price of $30.10, for a total transaction of $110,075.70.
• On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $31.88, for a total transaction of $478,200.00.
• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $33.94, for a total transaction of $509,100.00.
• On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $34.53, for a total transaction of $690,600.00.

Newegg Commerce Stock Up 5.5%

Shares of NEGG stock traded up $1.07 during trading hours on Wednesday, hitting $20.57. 131,778 shares of the company were exchanged, compared to its average volume of 76,664. The business has a 50 day moving average of $36.49 and a two-hundred day moving average of $51.41. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. Newegg Commerce, Inc. has a 52 week low of $4.70 and a 52 week high of $137.84.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.38. The company had revenue of $374.40 million for the quarter, compared to the consensus estimate of $439.20 million.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NEGG. Marshall Wace LLP acquired a new position in Newegg Commerce during the second quarter worth $4,281,000. Bank of America Corp DE boosted its holdings in Newegg Commerce by 10,675.0% during the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock worth $175,000 after purchasing an additional 10,675 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Newegg Commerce during the third quarter worth $243,000. Hussman Strategic Advisors Inc. acquired a new position in Newegg Commerce during the third quarter worth $1,762,000. Finally, Quantum Private Wealth LLC acquired a new position in Newegg Commerce during the third quarter worth $210,000. Institutional investors and hedge funds own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.