Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wayfair Inc shares valued at $682,588 were sold by Conine Steven on May 07 ’24. At $68.26 per share, Conine Steven sold 10,000 shares. The insider’s holdings dropped to 229,073 shares worth approximately $14.07 million following the completion of this transaction.
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Also, Shah Niraj sold 10,000 shares, netting a total of over 680,330 in proceeds. Following the sale of shares at $68.03 each, the insider now holds 229,137 shares.
Before that, Schaferkordt Anke had sold 348 shares from its account. In a trade valued at $20,465, the Director traded Wayfair Inc shares for $58.81 each. Upon closing the transaction, the insider’s holdings decreased to 348 shares, worth approximately $0.81 million.
As published in a research note from Argus on May 16, 2024, Wayfair Inc [W] has been rated up from a Hold to a Buy. Analysts at RBC Capital Mkts resumed the stock at ‘”a Sector perform”‘ outlook in a report released in late April. As of April 04, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for W. Earlier on March 19, 2024, Mizuho initiated its rating. Their recommendation was “a Buy” for W stock.
Analyzing W Stock Performance
During the last five days, there has been a drop of approximately -10.54%. Over the course of the year, Wayfair Inc shares have dropped approximately -0.44%. Shares of the company reached a 52-week high of $76.18 on 05/13/24 and a 52-week low of $47.32 on 02/21/24. A 50-day SMA is recorded $62.15, while a 200-day SMA reached $58.35. Nevertheless, trading volume fell to 3.18 million shares from 4.23 million shares the previous day.
Support And Resistance Levels for Wayfair Inc (W)
According to the 24-hour chart, there is a support level at 60.23, which, if violated, would cause prices to drop to 59.02. In the upper region, resistance lies at 62.73. The next price resistance is at 64.02. RSI (Relative Strength Index) is 45.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.44, which suggests the price will decrease in the coming days. Percent R is at 93.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
