Wayfair Inc’s recently made public that its Chief Operating Officer Netzer Thomas unloaded Company’s shares for reported $55419.0 on Jun 18 ’24. In the deal valued at $52.78 per share,1,050 shares were sold. As a result of this transaction, Netzer Thomas now holds 135,593 shares worth roughly $6.99 million.
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Then, Conine Steven sold 10,000 shares, generating $567,915 in total proceeds. Upon selling the shares at $56.79, the Co-Founder now owns 219,073 shares.
Before that, Shah Niraj sold 10,000 shares. Wayfair Inc shares valued at $567,810 were divested by the Chief Executive Officer at a price of $56.78 per share. As a result of the transaction, Shah Niraj now holds 219,137 shares, worth roughly $11.29 million.
Argus upgraded its Wayfair Inc [W] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Sector perform”‘ rating for it. Evercore ISI also remained covering W and has increased its forecast on April 04, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Mizuho started covering the stock on March 19, 2024. It rated W as “a Buy”.
Price Performance Review of W
On Tuesday, Wayfair Inc [NYSE:W] saw its stock jump 1.96% to $51.54. Over the last five days, the stock has gained 3.49%. Wayfair Inc shares have fallen nearly -16.47% since the year began. Nevertheless, the stocks have fallen -20.72% over the past one year. While a 52-week high of $90.71 was reached on 05/13/24, a 52-week low of $38.37 was recorded on 02/21/24. SMA at 50 days reached $58.67, while 200 days put it at $56.31. A total of 2.58 million shares were traded, compared to the trading of 5.42 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 50.34, which if violated will result in even more drops to 49.13. On the upside, there is a resistance level at 52.19. A further resistance level may holdings at 52.84. The Relative Strength Index (RSI) on the 14-day chart is 40.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.09%. Stochastics%K at 19.41% indicates the stock is a buying.
