Sunday, June 26, 2022

Wayfair Inc. [W] Chief Operating Officer makes an insider sale of 285 shares worth 12,970.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wayfair Inc. shares valued at $12,970 were sold by Netzer Thomas on Jun 17. At $45.51 per share, Netzer Thomas sold 285 shares. The insider’s holdings dropped to 44,209 shares worth approximately $2.39 million following the completion of this transaction.

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Also, Oblak Steve sold 1,722 shares, netting a total of over 79,016 in proceeds. Following the sale of shares at $45.89 each, the insider now holds 154,643 shares.

Before that, Schaferkordt Anke had sold 11 shares from its account. In a trade valued at $645, the Director traded Wayfair Inc. shares for $58.61 each. Upon closing the transaction, the insider’s holdings decreased to 11 shares, worth approximately $0.16 million.

As published in a research note from Exane BNP Paribas on June 21, 2022, Wayfair Inc. [W] has been rated down from an Outperform to a Neutral. Analysts at Bernstein started covering the stock with ‘”an Underperform”‘ outlook in a report released in late May. As of May 06, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for W. Earlier on May 05, 2022, Gordon Haskett downgraded its rating. Their new recommendation was “a Reduce” for W stock which previously was a “a Hold”.

Analyzing W’s Price Performance

On Thursday, Wayfair Inc. [NYSE: W] rose 12.83% to $54.16. The stock’s lowest price that day was $47.82, but it reached a high of $54.205 in the same session. During the last five days, there has been a surge of approximately 11.42%. Over the course of the year, Wayfair Inc. shares have dropped approximately -71.49%. Shares of the company reached a 52-week high of $197.77 on 01/04/22 and a 52-week low of $43.72 on 06/16/22. A 50-day SMA is recorded $66.27, while a 200-day SMA reached $162.88. Nevertheless, trading volume fell to 4.86 million shares from 2.99 million shares the previous day.

Support And Resistance Levels for Wayfair Inc. (W)

According to the 24-hour chart, there is a support level at 49.92, which, if violated, would cause prices to drop to 45.68. In the upper region, resistance lies at 56.30. The next price resistance is at 58.45. RSI (Relative Strength Index) is 48.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.87, which suggests the price will decrease in the coming days. Percent R is at 41.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Wayfair Inc. subject to short interest?

Stocks of Wayfair Inc. saw a sharp rise in short interest on May 30, 2022 jumping by 0.71 million shares to 21.88 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 21.17 million shares. A jump of 3.24% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.97.

Which companies own the most shares of Wayfair Inc. (W)?

According to Fidelity Management & Research Co filings, the company currently owns 11,787,867 shares, which is about 14.82% of the total W shares outstanding. The investor’s shares have appreciated by 169,892 from its previous 13-F filing of 11617975.0 shares. With the completion of the sale transaction, Baillie Gifford & Co.’s stake is now worth $546,720,406. Morgan Stanley Investment Managem reduced a -1.69% interest valued at $455.0 million while The Vanguard Group, Inc. purchased a 141,842 stake. A total of 1,649,230 shares of Wayfair Inc. were bought by Bares Capital Management, Inc. during the quarter, and 0 were sold by Prescott Investors, Inc. In its current portfolio, Vulcan Value Partners LLC holds 3,928,113 shares valued at $233.29 million.

In terms of Wayfair Inc. share price expectations, FactSet research, analysts set an average price target of $93.69 in the next 12 months, up nearly 51.04% from the previous closing price of $48.00. Analysts anticipate Wayfair Inc. stock to reach $395.00 by 2022, with the lowest price target being $40.00. In spite of this, 32 analysts ranked Wayfair Inc. stock as a Hold at the end of 2022. On April 07, 2022, Wells Fargo assigned a price target of “an Underweight” to the stock and downgraded coverage with a $100.

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