Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) traded down 8.1% on Wednesday . The stock traded as low as $26.41 and last traded at $26.97. 317,039 shares were traded during mid-day trading, a decline of 8% from the average session volume of 342,912 shares. The stock had previously closed at $29.33.
Newegg Commerce Trading Down 7.5%
The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76. The company's 50-day moving average is $12.38 and its two-hundred day moving average is $8.75.
Insider Activity
In related news, major shareholder Vladimir Galkin purchased 111,111 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was bought at an average price of $29.56 per share, for a total transaction of $3,284,441.16. Following the purchase, the insider directly owned 2,555,555 shares in the company, valued at approximately $75,542,205.80. This trade represents a 4.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have purchased 455,452 shares of company stock worth $14,849,575. Company insiders own 22.90% of the company's stock.
Institutional Investors Weigh In On Newegg Commerce
Large investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in Newegg Commerce in the 1st quarter valued at approximately $55,000. Squarepoint Ops LLC purchased a new position in Newegg Commerce in the 4th quarter valued at approximately $69,000. Jane Street Group LLC purchased a new position in Newegg Commerce in the 4th quarter valued at approximately $44,000. Finally, Renaissance Technologies LLC grew its stake in Newegg Commerce by 69.1% in the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after buying an additional 34,900 shares in the last quarter. Hedge funds and other institutional investors own 0.45% of the company's stock.
Newegg Commerce Company Profile
(
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.
Further Reading
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