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Benzinga
Benzinga
Business
Adam Eckert

Newegg Commerce (NEGG) Stock Hits 52-Week Highs: What's Driving The Momentum?

Newegg NEGG
Stock Market Graph,Trading,Analysis,Investment,Financial,,Stock,Exchange,Financial

Newegg Commerce Inc (NASDAQ:NEGG) shares are hitting new 52-week highs on Thursday, adding to gains of approximately 260% over the past month. Here’s a look at what’s going on.

What To Know: Newegg Commerce shares are showing strong momentum with a recent high at $124.99 and a low of $101.92, indicating a solid range for traders. Recent price action has created higher highs and higher lows, confirming an uptrend.

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