Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin purchased 64,199 shares of Newegg Commerce stock in a transaction on Tuesday, July 8th. The stock was bought at an average price of $18.10 per share, with a total value of $1,162,001.90. Following the completion of the acquisition, the insider directly owned 2,164,302 shares of the company's stock, valued at approximately $39,173,866.20. This trade represents a 3.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Vladimir Galkin also recently made the following trade(s):
- On Wednesday, July 9th, Vladimir Galkin purchased 57,920 shares of Newegg Commerce stock. The shares were purchased at an average price of $21.77 per share, for a total transaction of $1,260,918.40.
Newegg Commerce Trading Down 26.4%
NEGG stock traded down $13.02 during mid-day trading on Monday, hitting $36.22. The company had a trading volume of 1,980,073 shares, compared to its average volume of 186,691. The stock's fifty day moving average price is $10.74 and its two-hundred day moving average price is $8.30. Newegg Commerce, Inc. has a 12 month low of $3.32 and a 12 month high of $56.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.16.
Hedge Funds Weigh In On Newegg Commerce
A number of institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in Newegg Commerce by 69.1% during the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after purchasing an additional 34,900 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Newegg Commerce in the fourth quarter worth $44,000. Squarepoint Ops LLC bought a new stake in Newegg Commerce in the fourth quarter worth $69,000. Finally, XTX Topco Ltd bought a new position in Newegg Commerce during the first quarter valued at $55,000. Institutional investors own 0.45% of the company's stock.
About Newegg Commerce
(
Get Free Report)
Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.
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