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

Key Points

• Newegg director Fred Faching Chang sold 3,582 shares on September 28 at an average price of $13.13, generating proceeds of $47,031.66. He retained 2.92 million shares, with the sale reducing his ownership by 0.12%.
• Chang has made a series of additional Newegg share sales in September, including larger transactions of 28,500 shares and 23,582 shares, indicating sustained insider selling.
• Newegg shares fell 0.2% to $13.20 and remain well below their 50-day and 200-day moving averages. The company beat quarterly EPS estimates but missed revenue expectations, while analyst coverage maintains a consensus Sell rating.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 3,582 shares of Newegg Commerce stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $13.13, for a total value of $47,031.66. Following the completion of the sale, the director owned 2,922,475 shares of the company's stock, valued at $38,372,096.75. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, September 25th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were 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 shares were 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 stock was 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 value of $49,395.78.
• On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The shares were 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 stock was 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 shares were 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 transaction 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 transaction of $190,093.32.
• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.18, for a total transaction of $206,174.76.

Newegg Commerce Trading Down 0.2%

Shares of Newegg Commerce stock traded down $0.03 on Wednesday, reaching $13.20. The stock had a trading volume of 19,434 shares, compared to its average volume of 74,847. The company has a 50 day moving average price of $15.76 and a 200 day moving average price of $22.81. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Newegg Commerce, Inc. has a 1 year low of $12.50 and a 1 year high of $96.29.

Newegg Commerce (NASDAQ:NEGG - Get Free Report) last posted its earnings results on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates 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 Ratings Changes

Separately, Weiss Ratings raised Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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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