NEGG Newegg Commerce, Inc.
Price Chart
Executive Summary
Two Newegg insiders sold a total of ~$176K in open-market sales over a 6-day window ending June 1, 2026. Director Fred Faching accounted for $542K of the $543K total cluster value, selling 30,000 shares in three tranches at ~$17.51–$18.80. The CLO's sale of 67 shares is negligible. The cluster represents ~0.14% of market cap, falling in the modest band, and is not amplified by the academic literature for sell clusters. The cross-filing actuarial verdicts are all amplifiers, but the standalone dollar amount is too small to warrant a bearish call.
Key Financial Metrics
Actionable Insight
The selling is modest relative to market cap and concentrated in a director, not the C-suite. Per academic literature, insider sell clusters are not predictive of negative returns. No bearish signal here. Monitor for any upcoming 8-K or earnings release that might explain the director's sales, but no immediate action warranted.
Key Facts
- Director Fred Faching sold 30,000 shares total ($542K) on May 27, 28, and 29 at $18.80, $17.91, and $17.51.
- CLO Michael Chen sold 67 shares ($1,218) on June 1; also exercised 105 derivative shares and had 38 shares withheld for taxes.
- Total open-market sales: $543,398, or ~0.14% of NEGG's $397M market cap.
- No insider purchases in the cluster; net direction is selling.
- Prior 30-day insider activity shows 7 sells totaling $1.3M, consistent with ongoing selling pattern.
Financial Impact
$543K in open-market sales, 0.14% of market cap
Risk Factors
- Continued insider selling by a director could signal lack of confidence if it accelerates.
- If the company reports weak earnings or guidance in the next 10-Q, the selling pattern may be viewed negatively in hindsight.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NEGG-1780439154391 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
9d ago
|
Insider Cluster
| $19.95 awaiting T+1 | awaiting T+1 | — | $18.53 (−7.12%) |
|
Jun 4, 2026
9d ago
|
Insider Cluster
| $18.45 $17.34 | ▼ −6.02% | ▼ −3.42% | $18.53 (+0.43%) |
|
Jun 2, 2026
10d ago
|
Insider Cluster
| $18.21 $18.45 | ▲ +1.32% | ▲ +0.92% | $18.53 (+1.76%) |
|
May 28, 2026
15d ago
|
6-K
| $18.61 $18.57 | ▼ −0.21% | ▼ −0.45% | $18.53 (−0.43%) |
|
May 20, 2026
23d ago
|
Insider Cluster
| $20.21 $20.27 | ▲ +0.30% | ▼ −0.15% | $18.53 (−8.31%) |
|
May 1, 2026
6w ago
|
Insider Cluster
| $34.11 $30.58 | ▲ +10.35% | ▲ +10.01% | $18.53 (+45.68%) |
|
May 1, 2026
6w ago
|
Insider Cluster
| $34.11 $30.58 | ▲ +10.35% | ▲ +10.01% | $18.53 (+45.68%) |
US Market Status
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