Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 10,000 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.91, for a total transaction of $179,100.00. Following the completion of the transaction, the director owned 3,146,646 shares of the company’s stock, valued at $56,356,429.86. This trade represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $20.14, for a total transaction of $201,400.00.
• On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.40, for a total transaction of $388,000.00.
• 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 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 transaction of $525,000.00.
• 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 shares were 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 shares were sold at an average price of $30.10, for a total transaction of $110,075.70.

Newegg Commerce Price Performance

Shares of NEGG opened at $18.92 on Tuesday. The firm’s 50 day simple moving average is $32.70 and its 200 day simple moving average is $47.18. The company has a quick ratio of 0.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. Newegg Commerce, Inc. has a 1-year low of $4.84 and a 1-year high of $137.84.

Newegg Commerce (NASDAQ:NEGG) last announced its earnings results on Thursday, May 28th. The company reported $999.00 earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of Newegg Commerce in the second quarter worth $4,281,000. UBS Group AG raised its holdings in Newegg Commerce by 242.0% in the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after purchasing an additional 53,411 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce in the 4th quarter worth about $2,042,000. BNP Paribas Financial Markets purchased a new stake in shares of Newegg Commerce in the 3rd quarter worth about $1,603,000. Finally, XTX Topco Ltd purchased a new stake in shares of Newegg Commerce in the 3rd quarter worth about $1,343,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

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 note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Newegg Commerce

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.