Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 28,500 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 28,500 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $13.05, for a total transaction of $371,925.00. Following the completion of the transaction, the director owned 2,947,549 shares in the company, valued at approximately $38,465,514.45. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 Monday, September 14th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $14.49, for a total transaction of $51,903.18.
• On Thursday, September 10th, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 value of $190,093.32.
• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.18, for a total value of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.62, for a total value of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 shares were 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 Trading Up 4.8%

NASDAQ:NEGG opened at $13.65 on Friday. The stock’s 50 day moving average price is $15.72 and its 200 day moving average price is $24.40. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29.

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, beating analysts’ consensus estimates of ($0.40) by $0.51. The business had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.

Analyst Upgrades and Downgrades

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

Newegg Commerce Company Profile

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.