Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Wayfair Inc shares valued at $49,964 were sold by Netzer Thomas on Sep 17 ’24. At $49.42 per share, Netzer Thomas sold 1,011 shares. The insider’s holdings dropped to 151,802 shares worth approximately $8.25 million following the completion of this transaction.
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Also, Netzer Thomas purchased 1,011 shares, netting a total of over 49,961 in proceeds.
Before that, Shah Niraj had added 2,000 shares to its account. In a trade valued at $86,300, the Officer bought Wayfair Inc shares for $43.15 each.
As published in a research note from Argus on August 26, 2024, Wayfair Inc [W] has been rated down from a Buy to a Hold. Analysts at Gordon Haskett downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of August 01, 2024, BofA Securities has decreased its “Buy” rating to a “Neutral” for W. Earlier on May 16, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for W stock which previously was a “a Hold”.
Analyzing W Stock Performance
During the last five days, there has been a surge of approximately 21.33%. Over the course of the year, Wayfair Inc shares have dropped approximately -11.94%. Shares of the company reached a 52-week high of $76.18 on 05/13/24 and a 52-week low of $38.02 on 08/12/24. A 50-day SMA is recorded $46.80, while a 200-day SMA reached $55.23. Nevertheless, trading volume fell to 7.27 million shares from 5.85 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 53.20, which, if violated, would cause prices to drop to 52.07. In the upper region, resistance lies at 55.52. The next price resistance is at 56.70. RSI (Relative Strength Index) is 72.36 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.30, which suggests the price will increase in the coming days. Percent R is at 8.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
