Why Newegg Commerce Shares Are Getting Hammered Today

Newegg Commerce Inc NEGG shares are trading lower by 20.6% at $37.06 as the stock pulls back following last week's surge amid profit-taking.

Newegg Commerce is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products. Newegg provides certain third-party logistics services globally.

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Newegg Commerce has a 52-week high of $79.07 and a 52-week low of $2.76.