Wayfair Inc’s recently made public that its Chief Technology Officer Tan Fiona unloaded Company’s shares for reported $0.32 million on Apr 04 ’24. In the deal valued at $65.03 per share,4,884 shares were sold. As a result of this transaction, Tan Fiona now holds 41,027 shares worth roughly $2.68 million.
Then, Netzer Thomas sold 4,255 shares, generating $276,668 in total proceeds. Upon selling the shares at $65.02, the Chief Operating Officer now owns 134,439 shares.
Before that, Gulliver Kate sold 3,395 shares. Wayfair Inc shares valued at $220,811 were divested by the CFO and Chief Admin Officer at a price of $65.04 per share. As a result of the transaction, Gulliver Kate now holds 82,560 shares, worth roughly $5.4 million.
Evercore ISI upgraded its Wayfair Inc [W] rating to an Outperform from a an In-line in a research note published on April 04, 2024; the price target was increased to $80 from $65. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Raymond James also remained covering W and has increased its forecast on February 16, 2024 with a “Strong buy” recommendation from previously “Mkt perform” rating. Morgan Stanley revised its rating on January 16, 2024. It rated W as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of W
On Monday, Wayfair Inc [NYSE:W] saw its stock jump 3.42% to $65.37. Over the last five days, the stock has lost -0.73%. Wayfair Inc shares have risen nearly 5.95% since the year began. Nevertheless, the stocks have risen 89.81% over the past one year. While a 52-week high of $90.71 was reached on 03/28/24, a 52-week low of $29.51 was recorded on 02/21/24. SMA at 50 days reached $57.91, while 200 days put it at $59.66. A total of 2.27 million shares were traded, compared to the trading of 3.08 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 63.69, which if violated will result in even more drops to 62.00. On the upside, there is a resistance level at 66.25. A further resistance level may holdings at 67.12. The Relative Strength Index (RSI) on the 14-day chart is 58.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.18%. Stochastics %K at 38.82% 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 Mar 15, 2024, growing by 1.26 million shares to a total of 21.5 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 20.24 million shares. There was a rise of 5.86%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 35.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.82.
The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $57 price target.
