Newegg Commerce Inc’s filing revealed that its Director Yang Yingmei acquired Company’s shares for reported $2248.0 on Sep 17 ’24. In the deal valued at $0.75 per share,3,000 shares were bought.
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Then, Yang Yingmei bought 3,000 shares, generating $2,280 in total proceeds.
Before that, Yang Yingmei bought 3,000 shares. Newegg Commerce Inc shares valued at $2,280 were divested by the Director at a price of $0.76 per share.
Noble Capital Markets initiated its Newegg Commerce Inc [NEGG] rating to an Outperform in a research note published on February 06, 2023; the price target was $3.50.
Price Performance Review of NEGG
On Tuesday, Newegg Commerce Inc [NASDAQ:NEGG] saw its stock jump 14.67% to $0.86. Over the last five days, the stock has gained 18.36%. Newegg Commerce Inc shares have fallen nearly -31.40% since the year began. Nevertheless, the stocks have fallen -16.09% over the past one year. While a 52-week high of $2.15 was reached on 07/05/24, a 52-week low of $0.52 was recorded on 02/02/24. SMA at 50 days reached $0.8610, while 200 days put it at $0.9400.
Levels Of Support And Resistance For NEGG Stock
The 24-hour chart illustrates a support level at 0.7644, which if violated will result in even more drops to 0.6645. On the upside, there is a resistance level at 0.9448. A further resistance level may holdings at 1.0253. The Relative Strength Index (RSI) on the 14-day chart is 58.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0269, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.29%. Stochastics %K at 50.62% indicates the stock is a holding.
How much short interest is there in Newegg Commerce Inc?
A steep rise in short interest was recorded in Newegg Commerce Inc stocks on 2024-08-30, dropping by 8636.0 shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.14 million shares. There was a decline of -0.76%, which implies that there is a negative sentiment for the stock.
