Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 2,583 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 2,583 shares of Newegg Commerce stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $17.58, for a total value of $45,409.14. Following the completion of the transaction, the director directly owned 3,134,063 shares in the company, valued at approximately $55,096,827.54. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 3rd, Fred Faching Chang sold 18,539 shares of Newegg Commerce stock. The shares were sold at an average price of $20.00, for a total value of $370,780.00.
• On Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The shares were sold at an average price of $20.19, for a total value of $223,927.29.
• On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $17.91, for a total value of $179,100.00.
• On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were sold at an average price of $20.14, for a total value of $201,400.00.
• On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.40, for a total value of $388,000.00.
• On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $26.25, for a total value of $525,000.00.

Newegg Commerce Stock Down 8.9%

NEGG stock opened at $18.21 on Thursday. Newegg Commerce, Inc. has a 1-year low of $6.02 and a 1-year high of $137.84. The business’s 50 day moving average is $32.00 and its 200-day moving average is $46.25. The company has a current ratio of 1.71, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24.

Newegg Commerce (NASDAQ:NEGG) last released its quarterly earnings data on Thursday, May 28th. The company reported $999.00 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Newegg Commerce from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Newegg Commerce currently has an average rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after acquiring an additional 985 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Newegg Commerce during the 4th quarter worth approximately $251,000. Jane Street Group LLC bought a new stake in Newegg Commerce during the 4th quarter worth approximately $2,042,000. O Shaughnessy Asset Management LLC grew its position in Newegg Commerce by 234.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,342 shares of the company’s stock worth $1,489,000 after acquiring an additional 20,575 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Newegg Commerce during the 4th quarter worth approximately $490,000. 0.45% of the stock is currently owned by institutional investors.

Newegg Commerce Company Profile

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.