Newegg Commerce (NASDAQ:NEGG) Director Sells $51,903.18 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $14.49, for a total transaction of $51,903.18. Following the completion of the transaction, the director directly owned 3,023,213 shares in the company, valued at $43,806,356.37. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, September 17th, Fred Chang sold 28,500 shares of Newegg Commerce stock. The stock was sold at an average price of $13.05, for a total transaction of $371,925.00.
• On Tuesday, September 15th, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.38, for a total transaction of $315,527.16.
• On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $14.47, for a total transaction of $51,831.54.
• On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The stock was sold at an average price of $15.13, for a total transaction of $190,093.32.
• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total transaction of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total transaction of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total value of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.77, for a total value of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Stock Up 4.8%

Shares of NASDAQ NEGG opened at $13.65 on Friday. Newegg Commerce, Inc. has a twelve month low of $12.50 and a twelve month high of $96.29. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $15.72 and a 200-day simple moving average of $24.40.

Newegg Commerce (NASDAQ:NEGG) last posted its earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Newegg Commerce

Newegg Commerce, Inc operates an e-commerce platform focused on technology products and consumer electronics. Its merchandise includes computer components, laptops, desktop computers, peripherals, networking equipment, software, gaming products, home electronics, appliances and related accessories.

The company serves individual consumers, businesses and technology enthusiasts through its Newegg retail platform and marketplace. In addition to selling products directly, Newegg enables third-party merchants and brands to offer merchandise through its platform and provides services such as fulfillment, advertising and business-to-business purchasing support.

Newegg was founded in 2001 and is headquartered in the City of Industry, California.