Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report) Director Fred Faching Chang sold 15,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $31.88, for a total value of $478,200.00. Following the completion of the transaction, the director directly owned 3,384,433 shares in the company, valued at $107,895,724.04. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $19.66, for a total value of $393,200.00.
- On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $22.52, for a total value of $450,400.00.
- On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $23.66, for a total value of $473,200.00.
- On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The stock was sold at an average price of $25.41, for a total value of $176,447.04.
- On Friday, May 8th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $26.25, for a total value of $525,000.00.
- On Thursday, May 7th, Fred Faching Chang sold 6,483 shares of Newegg Commerce stock. The stock was sold at an average price of $30.25, for a total value of $196,110.75.
- On Wednesday, May 6th, Fred Faching Chang sold 703 shares of Newegg Commerce stock. The stock was sold at an average price of $32.29, for a total value of $22,699.87.
- On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The shares were sold at an average price of $30.10, for a total value of $110,075.70.
- On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $33.94, for a total value of $509,100.00.
- On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $34.53, for a total value of $690,600.00.
Newegg Commerce Stock Up 5.5%
Shares of NASDAQ:NEGG traded up $1.07 during mid-day trading on Wednesday, reaching $20.57. 131,778 shares of the company traded hands, compared to its average volume of 76,664. The company’s 50 day moving average price is $36.49 and its 200-day moving average price is $51.41. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. Newegg Commerce, Inc. has a 52 week low of $4.70 and a 52 week high of $137.84.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new position in Newegg Commerce in the 3rd quarter worth approximately $30,000. Royal Bank of Canada lifted its holdings in Newegg Commerce by 5,472.2% in the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Newegg Commerce in the 4th quarter worth approximately $251,000. Qube Research & Technologies Ltd purchased a new position in Newegg Commerce in the 3rd quarter worth approximately $207,000. Finally, Quantum Private Wealth LLC purchased a new position in Newegg Commerce in the 3rd quarter worth approximately $210,000. 0.45% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Get Our Latest Analysis on Newegg Commerce
About Newegg Commerce
Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.
In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.
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