Newegg Commerce Inc (NASDAQ:NEGG) shares are trading higher by 9.4% to $1.16 during Monday’s session after the company announced that the presale for its tenth annual FantasTech Sales event is now live.
Newegg says the presale, which runs until July 14, offers the FantasTech Price Protection guarantee to ensure early buyers get the best prices. The event features deals on products across more than 50 categories, including laptops, PC hardware, software and gaming products.
Kevin Lin, VP of Product Management at Newegg, emphasized the goal of providing customers with confidence in their purchases during this sale.
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How To Buy NEGG Stock
By now you're likely curious about how to participate in the market for Newegg Commerce – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Newegg Commerce, which is trading at $1.16 as of publishing time, $100 would buy you 86.21 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, NEGG has a 52-week high of $2.15 and a 52-week low of $0.52.