Shares of Newegg Commerce Inc (NEGG) are trading -5% lower at a price of $4.07 at the time of this writing. While it's a mildly optimistic day for the Consumer Discretionary sector in general, the stock is falling behind it's peers.

A likely catalyst for the price move is traders taking positions in preparation for the upcoming earnings call on August 30.

Newegg Commerce Inc has been trading between a 52-week high of $22.2 and a 52-week low of $3.15. The stock has a market cap of $1.5 Billion.

Newegg Commerce, Inc., headquartered in the City of Industry, California, is a leading e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products and provides certain third-party logistics services globally.

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Today’s watch list includes Newegg Commerce Inc. (NASDAQ:NEGG) stock
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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

flagrantfarter - 27 upvotes - source
Bro, according to my dog shit stock tracker you are literally the only person who bought NEGG 7.5 C for January 2024 today.

jusjones314 - 7 upvotes - source
Me (looking up NEGG calls for 1/19/24): I call bullshit, there's no way he could possibly know th- Volume: 43

EthicsGotGuap - 3 upvotes - source
Yessirrr $NEGG will be on the come up soon

QuickNickel14 - 3 upvotes - source
NEGG

Borky87 - 3 upvotes - source
Looking at NEGG, could be the next to pump (and dump). Check the free float, corporation ownership is above average volume, it's near its 52 week lows and sentiment building up 🤔

Dancing_PP - 3 upvotes - source
Just be bearish on VERU, NEGG and TSLA and you’ll beat me

numb2pain - 1 upvotes - source
Negg

ExceptionallyGreat - 1 upvotes - source
Realistically speaking? Anyone with half a brain? I guess then we have a very different and opposing views on this. To answer your question, no I am not in it to ride the hype, I have looked into the company and in my humble opinion it is the most promising company of our times. I was riding the hype was when I bought and sold GME, BB, NEGG, DWAC, or BBBY, but this is different for me.

heckinbeaches - 1 upvotes - source
BFH, NEGG

MoonBoyJames - 1 upvotes - source
NEGG next. get in early boys. Shorted 30% of a small 13m FF and 100% utilization. Price is still super low. Low risk unlimited upside