Recent Insider Activity Suggests Potential Gains for Wayfair Inc. (W)


Wayfair Inc.’s recent filing unveils that its Chief Operating Officer Netzer Thomas unloaded Company’s shares for reported $0.42 million on Aug 03. In the deal valued at $85.00 per share,5,000 shares were sold. As a result of this transaction, Netzer Thomas now holds 104,379 shares worth roughly $ 7.53 million.

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Then, Schaferkordt Anke sold 679 shares, generating $49,633 in total proceeds. Upon selling the shares at $73.10, the Director now owns 9,286 shares.

Before that, Tan Fiona sold 24,069 shares. Wayfair Inc. shares valued at $1,543,480 were divested by the Chief Technology Officer at a price of $64.13 per share. As a result of the transaction, Tan Fiona now holds 77,238 shares, worth roughly $5.57 million.

Oppenheimer reiterated its Wayfair Inc. [W] rating to an Outperform in a research note published on Friday, August 18, 2023; the price target was $100. PT values the company’s stock at a premium of 27.84 to its Friday closing price.

Price Performance Review of W

On Friday, Wayfair Inc. [NYSE:W] saw its stock jump 4.41% to $72.16. On the same session, the stock had its day’s lowest price of $69.76, but rose to a high of $72.44. Over the last five days, the stock has gained 10.69%. Wayfair Inc. shares have risen nearly 119.40% since the year began. Nevertheless, the stocks have risen 36.90% over the past one year. While a 52-week high of $90.71 was reached on 08/03/23, a 52-week low of $28.11 was recorded on 05/02/23. SMA at 50 days reached $69.91, while 200 days put it at $48.13. A total of 2.59 million shares were traded, compared to the trading of 2.0 million shares in the previous session.

Levels Of Support And Resistance For W Stock

The 24-hour chart illustrates a support level at 70.47, which if violated will result in even more drops to 68.77. On the upside, there is a resistance level at 73.15. A further resistance level may holdings at 74.13. The Relative Strength Index (RSI) on the 14-day chart is 53.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.56%. Stochastics %K at 43.59% indicates the stock is a holding.

How much short interest is there in Wayfair Inc.?

A steep rise in short interest was recorded in Wayfair Inc. stocks on Aug 14, 2023, dropping by -3.67 million shares to a total of 21.2 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 24.87 million shares. There was a decline of -17.31%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 37.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.28.

Wayfair Inc. [W] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 12,889,968 shares, or roughly 14.88% of the outstanding W shares. In other words, the investor’s shares have risen by 297,012 from its previous 13-F filing of 12592956.0. Additionally, Capital Research & Management Co increased 0.02% of its stake after which the total value it holdings stand at $831,977,797, while Baillie Gifford & Co. reduced -8.55% of its stake to hold $611.39 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 945,464 shares of Wayfair Inc., while Prescott General Partners LLC bought 0 shares. At present, Spruce House Investment Managemen is holding 3,650,000 shares valued at $284.23 million. Voya Investment Management Co. LL owned 3,145,848 shares of the company at the time of its most recent 13F filing, worth $244.97 million.


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