The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wayfair Inc shares valued at $246,516 were sold by Blotner Jon on Jul 15 ’24. At $56.09 per share, Blotner Jon sold 4,395 shares. The insider’s holdings dropped to 43,926 shares worth approximately $2.39 million following the completion of this transaction.
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Also, Conine Steven sold 10,000 shares, netting a total of over 526,250 in proceeds. Following the sale of shares at $52.62 each, the insider now holds 209,073 shares.
Before that, Shah Niraj had sold 10,000 shares from its account. In a trade valued at $526,171, the Chief Executive Officer traded Wayfair Inc shares for $52.62 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $11.38 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 13.30%. Over the course of the year, Wayfair Inc shares have dropped approximately -11.78%. Shares of the company reached a 52-week high of $76.18 on 05/13/24 and a 52-week low of $47.25 on 07/25/24. A 50-day SMA is recorded $55.01, while a 200-day SMA reached $55.70. Nevertheless, trading volume fell to 4.9 million shares from 4.58 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 53.27, which, if violated, would cause prices to drop to 52.11. In the upper region, resistance lies at 55.64. The next price resistance is at 56.85. RSI (Relative Strength Index) is 52.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 35.72%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
