Wayfair Inc’s recent filing unveils that its Director Schaferkordt Anke acquired Company’s shares for reported $20212.0 on Aug 02 ’24. In the deal valued at $48.12 per share,420 shares were bought.
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Then, Schaferkordt Anke sold 420 shares, generating $20,210 in total proceeds. Upon selling the shares at $48.12, the Director now owns 12,831 shares.
Before that, Blotner Jon sold 4,395 shares. Wayfair Inc shares valued at $246,516 were divested by the Chief Commercial Officer at a price of $56.09 per share. As a result of the transaction, Blotner Jon now holds 43,926 shares, worth roughly $1.73 million.
Gordon Haskett downgraded its Wayfair Inc [W] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Argus also remained covering W and has increased its forecast on May 16, 2024 with a “Buy” recommendation from previously “Hold” rating. RBC Capital Mkts maintained its rating on April 24, 2024. It rated W as “a Sector perform”.
Price Performance Review of W
On Friday, Wayfair Inc [NYSE:W] saw its stock fall -3.94% to $39.49. Over the last five days, the stock has lost -17.33%. Wayfair Inc shares have fallen nearly -36.00% since the year began. Nevertheless, the stocks have fallen -47.11% over the past one year. While a 52-week high of $81.22 was reached on 05/13/24, a 52-week low of $38.37 was recorded on 08/09/24. SMA at 50 days reached $52.46, while 200 days put it at $55.65. A total of 4.13 million shares were traded, compared to the trading of 3.89 million shares in the previous session.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 38.89, which if violated will result in even more drops to 38.29. On the upside, there is a resistance level at 40.67. A further resistance level may holdings at 41.85. The Relative Strength Index (RSI) on the 14-day chart is 29.22, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.88%. Stochastics%K at 2.49% indicates the stock is a buying.
