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Benzinga

Business

Adam Eckert

Newegg (NEGG) Stock Climbs To New Highs: What's Going On?

Newegg NEGG Momentum

Newegg

Newegg Commerce Inc (NASDAQ:NEGG) shares surged in Thursday’s trading session, adding to gains of more than 300% over the past month. Here’s a look at what’s going on.

What To Know: Momentum comes amid renewed interest from retail investors. The stock has been trending on various platforms in recent weeks and moving on elevated volume. Thursday’s trading volume of approximately 1 million shares is already approaching the 100-day average of 1.13 million in morning trading.

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