Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $38,363.22 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $10.71, for a total transaction of $38,363.22. Following the completion of the transaction, the director directly owned 2,865,163 shares in the company, valued at approximately $30,685,895.73. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, October 21st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $10.64, for a total transaction of $38,112.48.
• On Friday, October 16th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.13, for a total transaction of $39,867.66.
• On Wednesday, October 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $10.64, for a total transaction of $38,112.48.
• On Monday, October 12th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $11.30, for a total transaction of $40,476.60.
• On Friday, October 9th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.63, for a total transaction of $41,658.66.
• On Wednesday, October 7th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.83, for a total transaction of $42,375.06.
• On Monday, October 5th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.82, for a total value of $42,339.24.
• On Friday, October 2nd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $11.88, for a total value of $42,554.16.
• On Wednesday, September 30th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.18, for a total value of $47,210.76.
• On Monday, September 28th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $13.13, for a total value of $47,031.66.

Newegg Commerce Stock Performance

NASDAQ:NEGG opened at $9.94 on Friday. Newegg Commerce, Inc. has a one year low of $9.94 and a one year 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 50 day moving average price of $14.25 and a 200 day moving average price of $19.45.

Newegg Commerce (NASDAQ:NEGG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analysts’ expectations of $439.20 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Newegg Commerce in a report on Friday, October 9th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently 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 offerings include desktop and laptop computers, computer components, peripherals, networking equipment, software, gaming products, mobile devices, home electronics and selected appliances. The company sells products directly and provides a marketplace through which third-party merchants can offer products to customers.

In addition to its retail operations, Newegg provides services for businesses and marketplace sellers, including fulfillment, logistics, advertising, product listing and other e-commerce support solutions.