In a filing, Wayfair Inc revealed its Director Schaferkordt Anke unloaded Company’s shares for reported $20465.0 on May 02 ’24. In the deal valued at $58.81 per share,348 shares were sold. As a result of this transaction, Schaferkordt Anke now holds 13,251 shares worth roughly $0.91 million.
Then, Blotner Jon sold 4,144 shares, generating $250,795 in total proceeds. Upon selling the shares at $60.52, the Chief Commercial Officer now owns 37,957 shares.
Before that, Conine Steven sold 10,000 shares. Wayfair Inc shares valued at $646,182 were divested by the Co-Founder at a price of $64.62 per share. As a result of the transaction, Conine Steven now holds 239,073 shares, worth roughly $16.36 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 jump 7.63% to $68.44. Over the last five days, the stock has gained 33.75%. Wayfair Inc shares have risen nearly 10.92% since the year began. Nevertheless, the stocks have risen 88.96% over the past one year. While a 52-week high of $90.71 was reached on 03/28/24, a 52-week low of $33.85 was recorded on 02/21/24. SMA at 50 days reached $59.93, while 200 days put it at $58.81. A total of 7.1 million shares were traded, compared to the trading of 14.14 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 64.85, which if violated will result in even more drops to 61.26. On the upside, there is a resistance level at 70.34. A further resistance level may holdings at 72.23. The Relative Strength Index (RSI) on the 14-day chart is 66.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.03%. Stochastics %K at 92.96% indicates the stock is a selling.
