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

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $11.30, for a total transaction of $40,476.60. Following the completion of the transaction, the director directly owned 2,886,655 shares of the company’s stock, valued at approximately $32,619,201.50. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • 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 transaction of $41,658.66.
  • On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 shares were sold at an average price of $11.88, for a total transaction 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 transaction 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 transaction of $47,031.66.
  • On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 stock was 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 shares were sold at an average price of $13.54, for a total transaction of $48,500.28.
  • On Monday, September 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.79, for a total transaction of $49,395.78.

Newegg Commerce Trading Down 4.7%

Shares of NEGG traded down $0.52 during midday trading on Wednesday, reaching $10.61. The stock had a trading volume of 29,794 shares, compared to its average volume of 73,048. The firm has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $20.86. Newegg Commerce, Inc. has a one year low of $10.34 and a one year high of $96.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last issued its earnings results 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 firm had revenue of $320.41 million during the quarter, compared to the consensus estimate of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Newegg Commerce in a research note on Friday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Newegg Commerce presently has an average rating of “Sell”.

Read Our Latest Research Report on NEGG

About Newegg Commerce

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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