In a filing, Wayfair Inc revealed its Officer Conine Steven acquired Company’s shares for reported $78800.0 on Aug 12 ’24. In the deal valued at $39.40 per share,2,000 shares were bought.
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Then, Shah Niraj bought 2,000 shares, generating $78,800 in total proceeds.
Before that, Schaferkordt Anke sold 420 shares. Wayfair Inc shares valued at $20,210 were divested by the Director at a price of $48.12 per share. As a result of the transaction, Schaferkordt Anke now holds 12,831 shares, worth roughly $0.57 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 jump 0.32% to $44.29. Over the last five days, the stock has gained 12.15%. Wayfair Inc shares have fallen nearly -28.22% since the year began. Nevertheless, the stocks have fallen -40.16% over the past one year. While a 52-week high of $76.67 was reached on 05/13/24, a 52-week low of $38.02 was recorded on 08/12/24. SMA at 50 days reached $50.81, while 200 days put it at $55.66.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 43.59, which if violated will result in even more drops to 42.88. On the upside, there is a resistance level at 44.82. A further resistance level may holdings at 45.35. The Relative Strength Index (RSI) on the 14-day chart is 44.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.52%. Stochastics%K at 27.49% indicates the stock is a holding.
How much short interest is there in Wayfair Inc?
A steep rise in short interest was recorded in Wayfair Inc stocks on 2024-07-31, growing by 1.77 million shares to a total of 22.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 20.6 million shares. There was a rise of 7.91%, which implies that there is a positive sentiment for the stock.
