Newegg Commerce, Inc. (
NASDAQ:NEGG -
Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.00 and last traded at $54.90, with a volume of 2022567 shares. The stock had previously closed at $39.08.
Newegg Commerce Trading Up 43.8%
The firm has a 50-day simple moving average of $16.55 and a two-hundred day simple moving average of $10.01. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.
Insider Activity at Newegg Commerce
In related news, major shareholder Vladimir Galkin purchased 416,799 shares of Newegg Commerce stock in a transaction that occurred on Thursday, July 17th. The shares were acquired at an average cost of $29.68 per share, for a total transaction of $12,370,594.32. Following the transaction, the insider directly owned 3,194,576 shares in the company, valued at $94,815,015.68. The trade was a 15.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 983,362 shares of company stock worth $30,487,943. 22.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Newegg Commerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Newegg Commerce by 69.1% during the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after acquiring an additional 34,900 shares during the period. Jane Street Group LLC acquired a new position in shares of Newegg Commerce during the 4th quarter worth approximately $44,000. Squarepoint Ops LLC acquired a new position in Newegg Commerce in the fourth quarter valued at approximately $69,000. Finally, XTX Topco Ltd acquired a new position in Newegg Commerce in the first quarter valued at approximately $55,000. 0.45% of the stock is owned by institutional investors.
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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