Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 20,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $19.66, for a total value of $393,200.00. Following the transaction, the director directly owned 3,246,646 shares of the company’s stock, valued at $63,829,060.36. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $22.52, for a total value of $450,400.00.
- On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $23.66, for a total value of $473,200.00.
- On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The stock was sold at an average price of $25.41, for a total value of $176,447.04.
- On Friday, May 8th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $26.25, for a total value of $525,000.00.
- On Thursday, May 7th, Fred Faching Chang sold 6,483 shares of Newegg Commerce stock. The stock was sold at an average price of $30.25, for a total value 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 value of $22,699.87.
- On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The shares were sold at an average price of $30.10, for a total value of $110,075.70.
- On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $31.88, for a total value of $478,200.00.
- On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were 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 Trading Up 0.3%
Shares of NASDAQ:NEGG opened at $20.27 on Friday. The firm has a 50 day simple moving average of $35.06 and a 200-day simple moving average of $50.32. Newegg Commerce, Inc. has a twelve month low of $4.70 and a twelve month high of $137.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.
Read Our Latest Report on Newegg Commerce
Institutional Trading of Newegg Commerce
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Newegg Commerce during the 2nd quarter valued at approximately $4,281,000. UBS Group AG raised its stake in Newegg Commerce by 242.0% during the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after acquiring an additional 53,411 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Newegg Commerce during the 3rd quarter valued at approximately $1,762,000. Jane Street Group LLC purchased a new stake in Newegg Commerce during the 4th quarter valued at approximately $2,042,000. Finally, BNP Paribas Financial Markets purchased a new stake in Newegg Commerce during the 3rd quarter valued at approximately $1,603,000. 0.45% of the stock is owned by hedge funds and other institutional investors.
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.
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