Wayfair Inc’s recently made public 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 $1.94 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 $12.24 million.
RBC Capital Mkts reiterated its Wayfair Inc [W] rating to a Sector perform in a research note published on April 24, 2024; the price target was $61. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early April from “an In-line” to “an Outperform”. Mizuho began covering W with “Buy” recommendation on March 19, 2024. Raymond James revised its rating on February 16, 2024. It rated W as “a Strong buy” which previously was an “a Mkt perform”.
Price Performance Review of W
On Monday, Wayfair Inc [NYSE:W] saw its stock fall -1.62% to $51.17. Over the last five days, the stock has lost -6.50%. Wayfair Inc shares have fallen nearly -17.07% since the year began. Nevertheless, the stocks have risen 40.27% 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 $59.26, while 200 days put it at $59.12. A total of 4.55 million shares were traded, compared to the trading of 6.79 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 50.60, which if violated will result in even more drops to 50.03. On the upside, there is a resistance level at 52.16. A further resistance level may holdings at 53.16. The Relative Strength Index (RSI) on the 14-day chart is 36.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.74%. Stochastics %K at 10.41% indicates the stock is a buying.
