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

Key Points

• Director Fred Chang sold 3,582 Newegg shares at an average price of $13.54, generating $48,500.28. He retained 2,943,967 shares, worth approximately $39.9 million.
• The sale was part of a broader series of insider transactions in September, during which Chang sold multiple blocks of Newegg stock at prices ranging from $13.05 to $16.77.
• Newegg shares traded at $14.71, well below their 52-week high of $96.29. The company beat quarterly EPS expectations but missed revenue estimates, while analyst sentiment remained at a consensus “Sell” rating.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of the stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $13.54, for a total transaction of $48,500.28. Following the transaction, the director owned 2,943,967 shares in the company, valued at approximately $39,861,313.18. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total value of $371,925.00.
• On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.38, for a total value of $315,527.16.
• On Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.49, for a total value of $51,903.18.
• On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.47, for a total value of $51,831.54.
• On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The shares were sold at an average price of $15.13, for a total value of $190,093.32.
• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total value of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total transaction of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total transaction of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.77, for a total transaction of $395,470.14.

Newegg Commerce Stock Performance

Shares of NEGG stock traded up $0.76 on Tuesday, hitting $14.71. The stock had a trading volume of 46,705 shares, compared to its average volume of 76,363. The stock's 50 day moving average is $15.72 and its 200-day moving average is $24.07. Newegg Commerce, Inc. has a 52-week low of $12.50 and a 52-week high of $96.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64.

Newegg Commerce (NASDAQ:NEGG - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to analysts' expectations of $439.20 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newegg Commerce has a consensus rating of "Sell".

About Newegg Commerce

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its merchandise includes computer components, laptops, desktop computers, peripherals, networking equipment, software, gaming products, home electronics, appliances and related accessories.

The company serves individual consumers, businesses and technology enthusiasts through its Newegg retail platform and marketplace. In addition to selling products directly, Newegg enables third-party merchants and brands to offer merchandise through its platform and provides services such as fulfillment, advertising and business-to-business purchasing support.

Newegg was founded in 2001 and is headquartered in the City of Industry, California.

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