KD Logo

Wayfair Inc (W) rating reiterates by RBC Capital Mkts

Wayfair Inc’s recently made public that its Co-Founder Conine Steven unloaded Company’s shares for reported $0.68 million on May 07 ’24. In the deal valued at $68.26 per share,10,000 shares were sold. As a result of this transaction, Conine Steven now holds 229,073 shares worth roughly $16.35 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, Shah Niraj sold 10,000 shares, generating $680,330 in total proceeds. Upon selling the shares at $68.03, the Chief Executive Officer now owns 229,137 shares.

Before that, Schaferkordt Anke sold 348 shares. Wayfair Inc shares valued at $20,465 were divested by the Director at a price of $58.81 per share. As a result of the transaction, Schaferkordt Anke now holds 13,251 shares, worth roughly $0.95 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 0.92% to $71.37. Over the last five days, the stock has gained 4.28%. Wayfair Inc shares have risen nearly 15.67% since the year began. Nevertheless, the stocks have risen 95.86% over the past one year. While a 52-week high of $90.71 was reached on 05/13/24, a 52-week low of $33.85 was recorded on 02/21/24. SMA at 50 days reached $61.24, while 200 days put it at $58.84. A total of 5.98 million shares were traded, compared to the trading of 4.1 million shares in the previous session.

Levels Of Support And Resistance For W Stock

The 24-hour chart illustrates a support level at 69.71, which if violated will result in even more drops to 68.04. On the upside, there is a resistance level at 74.61. A further resistance level may holdings at 77.84. The Relative Strength Index (RSI) on the 14-day chart is 65.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.85%. Stochastics %K at 89.54% indicates the stock is a selling.

Most Popular