Wayfair Inc’s recent filing unveils that its Chief Commercial Officer Blotner Jon unloaded Company’s shares for reported $0.25 million on Apr 15 ’24. In the deal valued at $60.52 per share,4,144 shares were sold. As a result of this transaction, Blotner Jon now holds 37,957 shares worth roughly $2.08 million.
Then, Conine Steven sold 10,000 shares, generating $646,182 in total proceeds. Upon selling the shares at $64.62, the Co-Founder now owns 239,073 shares.
Before that, Shah Niraj sold 10,000 shares. Wayfair Inc shares valued at $645,790 were divested by the Chief Executive Officer at a price of $64.58 per share. As a result of the transaction, Shah Niraj now holds 239,137 shares, worth roughly $13.09 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 1.96% to $54.73. Over the last five days, the stock has lost -3.00%. Wayfair Inc shares have fallen nearly -11.30% since the year began. Nevertheless, the stocks have risen 49.37% 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 $59.19, while 200 days put it at $59.48. A total of 4.09 million shares were traded, compared to the trading of 3.27 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 53.27, which if violated will result in even more drops to 51.82. On the upside, there is a resistance level at 55.85. A further resistance level may holdings at 56.98. The Relative Strength Index (RSI) on the 14-day chart is 37.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.75%. Stochastics %K at 11.03% 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.
