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 $246,560 were sold by Blotner Jon on Oct 14 ’24. At $53.60 per share, Blotner Jon sold 4,600 shares. The insider’s holdings dropped to 52,078 shares worth approximately $2.42 million following the completion of this transaction.
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Also, Blotner Jon purchased 4,600 shares, netting a total of over 246,560 in proceeds.
Before that, Conine Steven had added 2,000 shares to its account. In a trade valued at $106,980, the Officer bought Wayfair Inc shares for $53.49 each.
Analysts at UBS resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of August 26, 2024, Argus has decreased its “Buy” rating to a “Hold” for W. Earlier on August 01, 2024, Gordon Haskett downgraded its rating. Their new recommendation was “a Hold” for W stock which previously was a “a Buy”.
Analyzing W Stock Performance
During the last five days, there has been a drop of approximately -14.54%. Over the course of the year, Wayfair Inc shares have dropped approximately -24.75%. 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 $48.70, while a 200-day SMA reached $54.45. Nevertheless, trading volume fell to 3.57 million shares from 6.26 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 45.17, which, if violated, would cause prices to drop to 43.91. In the upper region, resistance lies at 48.45. The next price resistance is at 50.47. RSI (Relative Strength Index) is 37.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.73, which suggests the price will decrease in the coming days. Percent R is at 91.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
