Wayfair Inc’s recently made public that its Co-Founder Conine Steven unloaded Company’s shares for reported $1.27 million on Nov 20 ’24. In the deal valued at $42.31 per share,30,000 shares were sold. As a result of this transaction, Conine Steven now holds 179,073 shares worth roughly $8.11 million.
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Then, Shah Niraj sold 30,000 shares, generating $1,269,396 in total proceeds. Upon selling the shares at $42.31, the Chief Executive Officer now owns 179,137 shares.
Before that, Shah Niraj bought 30,000 shares. Wayfair Inc shares valued at $1,269,345 were divested by the Officer at a price of $42.31 per share.
Needham reiterated its Wayfair Inc [W] rating to a Buy in a research note published on November 04, 2024; the price target was $50. UBS also remained covering W and reiterated its “Buy” recommendation on October 22, 2024. Argus revised its rating on August 26, 2024. It rated W as “a Hold” which previously was an “a Buy”.
Price Performance Review of W
On Tuesday, Wayfair Inc [NYSE:W] saw its stock fall -6.15% to $45.30. Over the last five days, the stock has gained 11.17%. Wayfair Inc shares have fallen nearly -26.58% since the year began. Nevertheless, the stocks have fallen -14.14% over the past one year. While a 52-week high of $76.18 was reached on 05/13/24, a 52-week low of $37.35 was recorded on 11/15/24. SMA at 50 days reached $47.76, while 200 days put it at $53.08.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 44.26, which if violated will result in even more drops to 43.22. On the upside, there is a resistance level at 46.94. A further resistance level may holdings at 48.58. The Relative Strength Index (RSI) on the 14-day chart is 54.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.57%. Stochastics %K at 85.81% indicates the stock is a selling.
How much short interest is there in Wayfair Inc?
A steep rise in short interest was recorded in Wayfair Inc stocks on 2024-11-15, dropping by -4.89 million shares to a total of 16.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 20.93 million shares. There was a decline of -30.47%, which implies that there is a negative sentiment for the stock.
