Newegg Surges 39.39% on $350M Volume to 298th Market Activity Rank as Insiders Buy $3.1M Shares Amid 4.28 Beta Volatility

On August 14, 2025, Newegg (NEGG) surged 39.39% with a trading volume of $350 million, ranking 298th in market activity. The stock’s meteoric rise—over 1,000% year-to-date—was bolstered by insider purchases from Vladimir and Angelica Galkin, 10% owners who acquired $3.1 million in shares across two transactions. The Galkins bought 6,183 shares at $57.50–$58.85 on August 6 and 49,374 shares at $55.55 on August 7, increasing their direct stake to 3.5 million shares. Their buying follows Newegg’s market cap expansion to $2.4 billion amid heightened volatility (beta of 4.28).

Insider activity often signals confidence in a company’s trajectory, though high beta suggests risks of sharp price swings. Newegg’s recent performance reflects strong retail demand and strategic capital allocation, yet its beta underscores susceptibility to broader market turbulence. The Galkins’ purchases, occurring during a broader selloff in tech stocks, may indicate a belief in the company’s long-term growth potential despite short-term uncertainties.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but was subject to market fluctuations. It performed best in June 2023, with returns of 7.02%, and worst in September 2022, with a return of -4.20%. Overall, the strategy showed volatility but a positive trend, making it suitable for traders looking for short-term opportunities.