Wayfair Inc’s recently made public that 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 $2.09 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 -6.26% to $40.15. Over the last five days, the stock has lost -9.55%. Wayfair Inc shares have fallen nearly -34.93% since the year began. Nevertheless, the stocks have fallen -9.53% 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 $48.74, while 200 days put it at $54.11.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 38.25, which if violated will result in even more drops to 36.35. On the upside, there is a resistance level at 42.77. A further resistance level may holdings at 45.39. The Relative Strength Index (RSI) on the 14-day chart is 26.41, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.89%. Stochastics %K at 4.38% 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.
