The selling is modest and likely liquidity-driven. Monitor for any upcoming negative catalysts, but no immediate action warranted. The consistent selling by a director may warrant attention if it escalates beyond 1% of market cap.
Price Chart
Executive Summary
Director and 10% owner Fred Chang sold $478K and CLO Michael Chen sold $2K in NEGG over a week, totaling $481K (0.12% of market cap). While the selling is modest relative to market cap, Chang has been consistently reducing his position in recent weeks. Insider sales are generally weak signals, and this cluster does not indicate material bearishness.
Key Financial Metrics
Key Facts
- Director Fred Chang sold 15,000 shares at $31.88 ($478K) on May 4, 2026.
- CLO Michael Chen sold 67 shares at $35.00 ($2K) on May 1, 2026.
- Total cluster value: $481K, ~0.12% of $409M market cap.
- Chang also sold 60,000 shares between May 14-18, 2026 (approx $1.26M), indicating consistent selling.
- No open-market purchases were made by any insider in this cluster.
Financial Impact
Insider sales of $481K represent 0.12% of market cap; combined with recent sales by Chang totals ~$1.74M (0.43% of market cap).
Risk Factors
- Continued insider selling could signal management's lack of confidence.
- Potential negative news or disappointing earnings in the near term.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NEGG-1779310937808 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 6-K | $10.56 | awaiting T+5 | — | $9.75 (−7.70%) |
Oct 16, 2026 11d ago | SC 13D/A | $10.90 $9.70 | ▲ +11.01% | ▲ +10.58% | $9.75 (+10.58%) |
Sep 8, 2026 6w ago | Insider Cluster | $15.06 $13.27 | ▲ +11.89% | ▲ +10.79% | $9.75 (+35.28%) |
Sep 8, 2026 6w ago | Insider Cluster | $15.06 $13.27 | ▼ −11.89% | ▼ −11.23% | $9.75 (−35.28%) |
Jun 15, 2026 19w ago | EFFECT | $18.60 $17.66 | ▼ −5.05% | ▼ −3.67% | $9.75 (−47.60%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.45 $18.61 | ▲ +0.87% | ▲ +3.42% | $9.75 (−47.17%) |
Jun 3, 2026 20w ago | Insider Cluster | $18.45 $18.61 | ▲ +0.87% | ▲ +3.42% | $9.75 (−47.17%) |
Jun 2, 2026 20w ago | Insider Cluster | $18.21 $16.78 | ▼ −7.85% | ▼ −4.03% | $9.75 (−46.47%) |
May 28, 2026 21w ago | 6-K | $18.61 $18.21 | ▼ −2.15% | ▼ −2.10% | $9.75 (−47.62%) |
May 20, 2026 22w ago | Insider Cluster | $20.21 $18.57 | ▼ −8.11% | ▼ −9.96% | $9.75 (−51.77%) |
US Market Status
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