Wayfair Inc’s recently made public that its Co-Founder Conine Steven unloaded Company’s shares for reported $0.65 million on Apr 08 ’24. In the deal valued at $64.62 per share,10,000 shares were sold. As a result of this transaction, Conine Steven now holds 239,073 shares worth roughly $13.49 million.
Then, Shah Niraj sold 10,000 shares, generating $645,790 in total proceeds. Upon selling the shares at $64.58, the Chief Executive Officer now owns 239,137 shares.
Before that, Tan Fiona sold 4,884 shares. Wayfair Inc shares valued at $317,599 were divested by the Chief Technology Officer at a price of $65.03 per share. As a result of the transaction, Tan Fiona now holds 41,027 shares, worth roughly $2.31 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 fall -6.50% to $56.42. Over the last five days, the stock has lost -13.69%. Wayfair Inc shares have fallen nearly -8.56% since the year began. Nevertheless, the stocks have risen 60.65% 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 $58.77, while 200 days put it at $59.70. A total of 5.22 million shares were traded, compared to the trading of 2.69 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 54.78, which if violated will result in even more drops to 53.15. On the upside, there is a resistance level at 59.50. A further resistance level may holdings at 62.59. The Relative Strength Index (RSI) on the 14-day chart is 38.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.74%. Stochastics %K at 8.14% indicates the stock is a buying.
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.
