In a filing, Wayfair Inc revealed its Chief Commercial Officer Blotner Jon unloaded Company’s shares for reported $0.25 million on Oct 14 ’24. In the deal valued at $53.60 per share,4,600 shares were sold. As a result of this transaction, Blotner Jon now holds 52,078 shares worth roughly $2.72 million.
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Then, Blotner Jon bought 4,600 shares, generating $246,560 in total proceeds.
Before that, Conine Steven bought 2,000 shares. Wayfair Inc shares valued at $106,980 were divested by the Officer at a price of $53.49 per share.
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 fall -0.68% to $52.21. Over the last five days, the stock has lost -3.94%. Wayfair Inc shares have fallen nearly -15.38% since the year began. Nevertheless, the stocks have risen 15.61% 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 $48.26, while 200 days put it at $54.59.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 51.45, which if violated will result in even more drops to 50.69. On the upside, there is a resistance level at 53.47. A further resistance level may holdings at 54.73. The Relative Strength Index (RSI) on the 14-day chart is 49.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.37%. Stochastics %K at 24.82% 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 2024-09-30, dropping by -1.81 million shares to a total of 20.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 22.16 million shares. There was a decline of -8.91%, which implies that there is a negative 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.
