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Vladimir and Angelica Galkin, both identified as ten percent owners of Newegg Commerce, Inc (NASDAQ:NEGG), jointly purchased shares of the company’s common stock on July 14, 2025. The total value of the purchases amounted to $9,141,745. The timing appears strategic, as InvestingPro data shows NEGG has delivered a remarkable 93.59% return in the past week alone.
The purchases involved three separate transactions. The prices paid ranged from $33.53 to $47.16. The Galkins acquired 85,557 shares at $44.44, 81,110 shares at prices ranging from $31.93 to $38.10 and 55,555 shares at prices ranging from $42.42 to $47.47. Following these transactions, the Galkins directly own 2,444,444 shares in the $558M market cap company. According to InvestingPro, the stock typically exhibits high volatility and currently trades near its Fair Value, with 10+ additional insights available to subscribers.
In other recent news, Newegg Commerce, Inc. announced that it has regained compliance with Nasdaq’s minimum bid price requirement. The company confirmed that its stock maintained a closing bid price of at least $1.00 per share over a period of ten consecutive business days. This development effectively resolves previous concerns regarding Newegg’s adherence to Nasdaq’s Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share for listed companies. As a result, the Nasdaq Capital Market’s Listing Qualifications Department has closed the issue. This compliance is seen as a positive step for maintaining investor confidence and ensuring the company’s continued presence on the capital market. The announcement underscores Newegg’s ability to meet financial standards set by the Nasdaq exchange.
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