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

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $10.64, for a total value of $38,112.48. Following the sale, the director directly owned 2,879,491 shares of the company’s stock, valued at approximately $30,637,784.24. This trade represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.63, for a total value of $41,658.66.
• On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.83, for a total value of $42,375.06.
• On Monday, October 5th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.82, for a total value of $42,339.24.
• On Friday, October 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.88, for a total value 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 stock was 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 shares were sold at an average price of $13.66, for a total transaction of $48,930.12.
• On Wednesday, September 23rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were 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 stock was sold at an average price of $13.54, for a total transaction of $48,500.28.

Newegg Commerce Stock Performance

Shares of NEGG traded down $0.46 during mid-day trading on Friday, reaching $10.90. The company’s stock had a trading volume of 33,399 shares, compared to its average volume of 72,630. 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 $10.34 and a 52 week high of $96.29. The company’s fifty day moving average price is $15.06 and its two-hundred day moving average price is $20.44.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Newegg Commerce in a research report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Newegg Commerce presently has an average rating of “Sell”.

About Newegg Commerce

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.