Newegg Commerce Inc
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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Value
Company profile

Newegg Commerce, Inc. is a technology-focused e-commerce company in North America. The Company has developed an online marketplace that delivers value to consumers, brands, and sellers in the technology products sector. It operates business-to-consumer (B2C) platforms, business-to-business (B2B) operations, and other online platforms. Its B2C platform focuses on selling information technology (IT) products, through its platforms, namely Newegg.Com, Newegg.Ca, And Newegg Global. The Company’s B2B platform focuses on providing office and IT equipment, through its platform. Its platforms offer a suite of e-commerce solutions, including product listing, fulfillment, marketing, customer service and other value-added tools and services. The Company’s product categories offered through its platforms, such as computer system, components, electronics, gaming, networking and smart home, office solutions, software and services, automotive and industrial, and health and sports.

Closing Price
Day's Change
0.06 (3.06%)
B/A Size
Day's High
Day's Low

10-day average volume:

Crypto companies and funds rally as bitcoin rise, Dow jumps 700 points

10:51 am ET October 4, 2022 (MarketWatch)

By Frances Yue

Major crypto-related stocks and funds rallied Tuesday as bitcoin climbed 3%, and the Dow Jones Industrial Average jumped more than 700 points.

The largest cryptocurrency is trading at around $20,089, according to CoinDesk data. The Dow rose 2.4% to 30,204, and the S&P 500 gained 2.7% to 3,778, according to FactSet data. The Nasdaq Composite went up 3% to 11,153.

Stock indexes extended the Monday gains amid hopes that global central banks may slow down their interest rate hiking plans.

See:If Powell "gives up this fight, you're going to see Bitcoin and other assets take right back off," said Galaxy Digital CEO Michael Novogratz

Following such leads, Coinbase Global Inc.(COIN) shares on Tuesday surged almost 10% to around $72.32, and Michael Saylor's MicroStrategy Inc.(MSTR) shares advanced 8.9% to $244.04.

Shares of mining company Riot Blockchain Inc.(RIOT) shares added 7.4% to $7.69, and that of Marathon Digital Holdings Inc.(MARA) rallied 15% to $12.65. Another miner, Ebang International Holdings Inc.(EBON) gained 5% to $0.44. Inc.(OSTK) shares rose 5.5% to $26.85. Shares of Block Inc(SQ), formerly known as Square, increased 8.8% to $60.68.

Tesla Inc.(TSLA) advanced 4.7% to $253.40, and PayPal Holdings Inc.(PYPL) jumped 4.2% to $91.37. Nvidia Corp. (NVDA) shares rose 4.3% to $130.47.

Advanced Micro Devices Inc. (AMD) shares hiked 4% to $68.71.

Among crypto funds, ProShares Bitcoin Strategy ETF (BITO) went up 3.2% to $12.45 Thursday, while its Short Bitcoin Strategy ETF (BITI) lost 3.2% to $36.87.

Valkyrie Bitcoin Strategy ETF (BTF) traded 3.1% higher at around $7.75, and VanEck Bitcoin Strategy ETF (XBTF)climbed 3.7% to $19.79.

Grayscale Bitcoin Trust (GBTC) posted a 4.5% gain to $12.19.

-Frances Yue


(END) Dow Jones Newswires

October 04, 2022 10:51 ET (14:51 GMT)

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