Newegg (NEGG) Stock Climbs To New Highs: What's Going On?
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Newegg Commerce Inc (NASDAQ: NEGG) saw its stock price surge over 300% in the past month, reaching a new 52-week high of $137.83 during Thursday's trading session. The increase is attributed to renewed retail investor interest and elevated trading volume, with approximately 1 million shares traded. The company is considering adjustments to its share sales following a board-approved expansion of its stock sale program. Technical indicators suggest a bullish trend, although the stock may be nearing overbought territory.
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