Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 20,000 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $23.66, for a total transaction of $473,200.00. Following the transaction, the director directly owned 3,326,646 shares of the company’s stock, valued at approximately $78,708,444.36. This trade represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction 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 transaction of $450,400.00.
• 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 transaction 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 transaction 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 transaction 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 transaction of $22,699.87.
• On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The stock was sold at an average price of $30.10, for a total transaction of $110,075.70.
• On Monday, May 4th, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $31.88, for a total value of $478,200.00.
• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was 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 stock was sold at an average price of $34.53, for a total value of $690,600.00.

Newegg Commerce Stock Performance

Newegg Commerce stock opened at $20.57 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. Newegg Commerce, Inc. has a 12 month low of $4.70 and a 12 month high of $137.84. The stock’s 50 day simple moving average is $36.05 and its two-hundred day simple moving average is $50.98.

Newegg Commerce (NASDAQ:NEGG) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.38. The company had revenue of $374.40 million during the quarter, compared to analysts’ expectations of $439.20 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hussman Strategic Advisors Inc. purchased a new position in shares of Newegg Commerce during the 3rd quarter valued at approximately $1,762,000. Clear Street Group Inc. purchased a new position in shares of Newegg Commerce during the 3rd quarter valued at approximately $856,000. Ritholtz Wealth Management lifted its position in shares of Newegg Commerce by 247.3% during the 4th quarter. Ritholtz Wealth Management now owns 20,160 shares of the company’s stock valued at $1,023,000 after buying an additional 14,356 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Newegg Commerce during the 3rd quarter valued at approximately $30,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce during the 4th quarter valued at approximately $251,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Key Newegg Commerce News

Here are the key news stories impacting Newegg Commerce this week:

• Negative Sentiment: Director Fred Faching Chang disclosed several share sales between May 4 and May 18, totaling tens of thousands of shares sold at prices ranging from about $19.66 to $32.29, which can pressure sentiment and raise concerns about insider confidence. SEC filing
• Neutral Sentiment: Despite the sales, Chang still owns more than 3.2 million shares of Newegg, so the insider continues to maintain a very large stake in the company. SEC filing

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.