Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 11,091 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 11,091 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $20.19, for a total value of $223,927.29. Following the completion of the sale, the director owned 3,122,972 shares of the company’s stock, valued at $63,052,804.68. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $20.00, for a total value of $370,780.00.
• On Monday, June 1st, Fred Faching Chang sold 2,583 shares of Newegg Commerce stock. The stock was sold at an average price of $17.58, for a total value of $45,409.14.
• 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 stock was 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 stock was 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 transaction 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 transaction 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 transaction 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 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.

Newegg Commerce Stock Down 8.9%

NASDAQ:NEGG opened at $18.21 on Thursday. The company’s 50-day moving average is $32.00 and its two-hundred day moving average is $46.25. Newegg Commerce, Inc. has a 1-year low of $6.02 and a 1-year high of $137.84. 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 announced its quarterly earnings results on Thursday, May 28th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Newegg Commerce

Several institutional investors and hedge funds have recently modified their holdings of NEGG. Marshall Wace LLP acquired a new position in Newegg Commerce during the 2nd quarter worth about $4,281,000. Bank of America Corp DE increased its stake in Newegg Commerce by 10,675.0% during the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock worth $175,000 after purchasing an additional 10,675 shares during the period. Quantum Private Wealth LLC purchased a new stake in Newegg Commerce during the third quarter worth about $210,000. BNP Paribas Financial Markets acquired a new stake in shares of Newegg Commerce during the third quarter worth about $1,603,000. Finally, UBS Group AG boosted its stake in shares of Newegg Commerce by 242.0% in the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after purchasing an additional 53,411 shares during the period. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.