Wayfair Inc’s recently made public that its Officer Shah Niraj acquired Company’s shares for reported $1.59 million on Dec 06 ’24. In the deal valued at $53.15 per share,30,000 shares were bought.
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Then, Conine Steven bought 30,000 shares, generating $1,594,121 in total proceeds.
Before that, Conine Steven sold 30,000 shares. Wayfair Inc shares valued at $1,269,303 were divested by the Co-Founder at a price of $42.31 per share. As a result of the transaction, Conine Steven now holds 179,073 shares, worth roughly $9.59 million.
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 Friday, Wayfair Inc [NYSE:W] saw its stock jump 8.60% to $53.53. Over the last five days, the stock has gained 15.77%. Wayfair Inc shares have fallen nearly -13.24% since the year began. Nevertheless, the stocks have risen 0.87% 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 $47.16, while 200 days put it at $52.99.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 51.60, which if violated will result in even more drops to 49.68. On the upside, there is a resistance level at 54.95. A further resistance level may holdings at 56.38. The Relative Strength Index (RSI) on the 14-day chart is 69.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.62%. Stochastics %K at 92.63% 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.
