Wayfair Inc’s recent filing unveils that its Chief Technology Officer Tan Fiona unloaded Company’s shares for reported $0.53 million on Oct 03 ’24. In the deal valued at $52.15 per share,10,179 shares were sold. As a result of this transaction, Tan Fiona now holds 74,476 shares worth roughly $4.16 million.
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Then, Blotner Jon sold 6,139 shares, generating $320,149 in total proceeds. Upon selling the shares at $52.15, the Chief Commercial Officer now owns 56,678 shares.
Before that, Netzer Thomas sold 8,555 shares. Wayfair Inc shares valued at $446,180 were divested by the Chief Operating Officer at a price of $52.15 per share. As a result of the transaction, Netzer Thomas now holds 170,625 shares, worth roughly $9.52 million.
Argus 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 Gordon Haskett’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Hold”. BofA Securities also remained covering W and has decreased its forecast on August 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on May 16, 2024. It rated W as “a Buy” which previously was an “a Hold”.
Price Performance Review of W
On Friday, Wayfair Inc [NYSE:W] saw its stock jump 6.47% to $55.82. Over the last five days, the stock has lost -1.66%. Wayfair Inc shares have fallen nearly -9.53% since the year began. Nevertheless, the stocks have fallen -3.97% over the past one year. While a 52-week high of $76.18 was reached on 05/13/24, a 52-week low of $38.02 was recorded on 08/12/24. SMA at 50 days reached $47.04, while 200 days put it at $55.04.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 54.28, which if violated will result in even more drops to 52.74. On the upside, there is a resistance level at 56.60. A further resistance level may holdings at 57.38. The Relative Strength Index (RSI) on the 14-day chart is 63.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.23%. Stochastics %K at 61.94% 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 2024-09-13, growing by 0.7 million shares to a total of 20.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 20.29 million shares. There was a rise of 3.34%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 24, 2024 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $61.
