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Insiders at Newegg Commerce, Inc (NASDAQ:NEGG) have recently purchased shares of the company, according to a Form 4 filing. The company, currently valued at $720.9 million, has seen its stock surge 118.59% in the past week, with InvestingPro data showing the shares trading near their 52-week high of $56.
On July 8, 2025, insiders acquired 64,199 shares of Newegg Commerce at prices ranging from $18.08 to $18.10, totaling approximately $1,161,999. Then, on July 9, 2025, they bought another 57,920 shares at prices between $21.63 and $21.79, amounting to about $1,260,921. The total value of shares purchased is $2,422,920. The company maintains a strong balance sheet with more cash than debt, earning a "Fair" overall financial health score from InvestingPro.
Following these transactions, the Angelica Galkin Revocable Trust held 2,222,222 shares. However, on July 10, 2025, these shares were transferred to a joint account held by Vladimir Galkin and Angelica Galkin. Vladimir Galkin and Angelica Galkin are both ten percent owners of Newegg Commerce. Want deeper insights into insider trading patterns and 11 additional ProTips? Discover more with InvestingPro.
In other recent news, Newegg Commerce, Inc. announced it has regained compliance with the Nasdaq’s minimum bid price requirement. The company successfully maintained a closing bid price of at least $1.00 per share over ten consecutive business days, from April 7, 2025, to April 21, 2025. This development addresses concerns related to 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. The Nasdaq Capital Market’s Listing Qualifications Department has confirmed this compliance, effectively closing the listing matter. This announcement indicates Newegg’s ability to meet the financial standards set by the Nasdaq exchange. The compliance is a crucial step toward maintaining investor confidence and ensuring the company’s continued presence on the capital market. These recent developments are based on a press release statement from Newegg Commerce, Inc.
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