The Portnoy Law Firm has initiated an investigation into possible securities fraud at Newegg Commerce, Inc. following a 17.7% stock price decline on January 21, 2026. The drop occurred after disclosure that the company's chairman and controlling shareholder, He Zhitao, had been detained and is under investigation for personal legal issues. The firm is pursuing a class action on behalf of affected investors.

Three stocks—Opendoor Technologies, Newegg Commerce, and Sandisk—have delivered exceptional returns of over 350% in the past year following the April 2025 tariff announcement. A $10,000 investment in each would now be worth approximately $263,000. However, while Sandisk shows strong fundamentals with 42% revenue growth, Opendoor and Newegg are characterized as risky meme stocks with weak financials and significant downside risk.

Newegg Commerce has integrated Venmo as a payment option at checkout to provide customers with more flexible digital payment choices. The integration is available for eligible purchases on Newegg.com in the United States across supported web browsers, targeting digitally savvy consumers including Gen Z and Millennials who actively use Venmo's nearly 100 million active accounts.

The Portnoy Law Firm has announced a class action lawsuit on behalf of BellRing Brands investors who purchased securities between November 19, 2024 and August 4, 2025. The lawsuit was triggered by news that Newegg's controlling shareholder and chairman He Zhitao was placed under investigation and detained, causing Newegg's stock to fall 17.7%. Investors have until March 23, 2026 to file a lead plaintiff motion.

Shareholder class action lawsuits have been filed against BellRing Brands for allegedly issuing false statements about sales figures that were inflated by temporary inventory stockpiling and concealing market share erosion. Simultaneously, Holzer & Holzer, LLC is investigating whether Newegg Commerce complied with federal securities laws. Investors who suffered significant losses during the relevant periods are encouraged to contact the law firm.

The Schall Law Firm is investigating Newegg Commerce, Inc. for potential securities law violations following the revelation that the company's chairman and controlling shareholder, He Zhitao, has been detained and placed under investigation. The announcement triggered a 17.7% stock price decline on January 21, 2026. Investors are being invited to join the class action lawsuit.

Glancy Prongay & Murray LLP announced an investigation into Newegg Commerce (NASDAQ: NEGG) following the company's disclosure that its controlling shareholder and chairman He Zhitao is under investigation and has been detained. The news triggered a significant stock price decline of $9.79 (17.7%) to $45.53 per share on January 21, 2026. The law firm is urging shareholders who lost money to contact them about potential claims.

The Law Offices of Frank R. Cruz announced an investigation into Newegg Commerce, Inc. (NASDAQ: NEGG) on behalf of investors regarding possible federal securities law violations. The investigation was triggered after Newegg disclosed on January 21, 2026, that its controlling shareholder and chairman He Zhitao is under investigation and has been detained for personal matters. Following this announcement, Newegg's stock price fell $9.79 (17.7%) to close at $45.53 per share, causing investor losses.

Investor Vladimir Galkin acquired 222,222 shares of Newegg Commerce for $6.4 million, increasing his ownership to 14.3%. The transaction follows a recent stock price surge and occurs amid challenging financial performance for the company.

KingSpec, a leading solid-state drive (SSD) manufacturer, has been awarded the prestigious 'EGGIE AWARD - 2025 Partner of the Year' by Newegg, a premier global e-commerce platform. This recognition celebrates KingSpec's excellence in product quality, technological innovation, and the strong partnership with Newegg.

The global refurbished electronics market is expected to grow from $47.57 billion in 2023 to $123.71 billion by 2033, driven by environmentally conscious consumers and the need for cost-effective alternatives to new electronics.

WD-40 Company reported stronger-than-expected Q3 results, leading to a 12.5% jump in its stock price in pre-market trading. Several other stocks also saw significant price movements in the pre-market session.