Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $34,996.14 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $9.77, for a total value of $34,996.14. Following the transaction, the director directly owned 2,836,507 shares of the company’s stock, valued at $27,712,673.39. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 4th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $9.73, for a total value of $34,852.86.
• 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 Wednesday, October 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $9.78, for a total transaction 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 transaction 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 transaction of $35,282.70.
• On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.64, for a total transaction 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 transaction 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 transaction of $39,867.66.
• On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction 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 transaction of $40,476.60.

Newegg Commerce Price Performance

Shares of NEGG stock opened at $9.25 on Friday. 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 1 year low of $8.75 and a 1 year high of $96.29. The firm’s fifty day moving average price is $12.60 and its two-hundred day moving average price is $25.87.

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

Wall Street Analyst Weigh In

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

About Newegg Commerce

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.