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How Newegg Commerce Shares Gained 13% Last Month

TheMotleyFool

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How Newegg Commerce Shares Gained 13% Last MonthPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Shares of Newegg Commerce (NASDAQ: NEGG) rose 13.3% in a rough-and-tumble August, according to data provided by S&P Global Market Intelligence. The electronics e-commerce retailer did report first-half 2021 results at the very end of the month, but share prices fell 4.7% the next day. For the most part, the stock was swept up in the unpredictable shenanigans of so-called meme stocks.