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Wayfair Inc [W] stock for 526,250 USD was sold by Conine Steven

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wayfair Inc shares valued at $526,250 were sold by Conine Steven on Jul 08 ’24. At $52.62 per share, Conine Steven sold 10,000 shares. The insider’s holdings dropped to 209,073 shares worth approximately $11.17 million following the completion of this transaction.

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Also, Shah Niraj sold 10,000 shares, netting a total of over 526,171 in proceeds. Following the sale of shares at $52.62 each, the insider now holds 209,137 shares.

Before that, Tan Fiona had sold 8,015 shares from its account. In a trade valued at $414,941, the Chief Technology Officer traded Wayfair Inc shares for $51.77 each. Upon closing the transaction, the insider’s holdings decreased to 8,015 shares, worth approximately $2.99 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 surge of approximately 3.63%. Over the course of the year, Wayfair Inc shares have dropped approximately -13.44%. 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 $58.54, while a 200-day SMA reached $56.00. Nevertheless, trading volume fell to 2.9 million shares from 3.45 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 51.94, which, if violated, would cause prices to drop to 50.47. In the upper region, resistance lies at 54.29. The next price resistance is at 55.17. RSI (Relative Strength Index) is 46.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.30, which suggests the price will increase in the coming days. Percent R is at 6.17%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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