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 $2.31 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.
A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Argus also remained covering W and has decreased its forecast on August 26, 2024 with a “Hold” recommendation from previously “Buy” rating. Gordon Haskett revised its rating on August 01, 2024. It rated W as “a Hold” which previously was an “a Buy”.
Price Performance Review of W
On Friday, Wayfair Inc [NYSE:W] saw its stock fall -2.10% to $44.39. Over the last five days, the stock has lost -14.98%. Wayfair Inc shares have fallen nearly -28.06% since the year began. Nevertheless, the stocks have risen 10.07% 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 $48.81, while 200 days put it at $54.34.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 43.95, which if violated will result in even more drops to 43.50. On the upside, there is a resistance level at 45.22. A further resistance level may holdings at 46.04. The Relative Strength Index (RSI) on the 14-day chart is 33.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.53%. Stochastics %K at 3.69% indicates the stock is a buying.
How much short interest is there in Wayfair Inc?
A steep rise in short interest was recorded in Wayfair Inc stocks on 2024-10-15, dropping by 63249.0 shares to a total of 20.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 20.99 million shares. There was a decline of -0.3%, which implies that there is a negative sentiment for the stock.
