Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wayfair Inc shares valued at $1,372,392 were sold by Conine Steven on Dec 20 ’24. At $45.75 per share, Conine Steven sold 30,000 shares. The insider’s holdings dropped to 602,573 shares worth approximately $26.97 million following the completion of this transaction.
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Also, Shah Niraj sold 30,000 shares, netting a total of over 1,372,486 in proceeds. Following the sale of shares at $45.75 each, the insider now holds 602,637 shares.
Before that, Shah Niraj had added 30,000 shares to its account. In a trade valued at $1,372,549, the Officer bought Wayfair Inc shares for $45.75 each.
As published in a research note from Needham on November 04, 2024, Wayfair Inc [W] has been retained to a Buy and the price target has been revised to $50. As of October 22, 2024, UBS has reiterated its “Buy” rating for W. Earlier on August 26, 2024, Argus 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 -11.07%. Over the course of the year, Wayfair Inc shares have dropped approximately -27.33%. Shares of the company reached a 52-week high of $76.18 on 05/13/24 and a 52-week low of $37.35 on 11/15/24. A 50-day SMA is recorded $45.90, while a 200-day SMA reached $52.46. Nevertheless, trading volume fell to 1.0 million shares from 2.1 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 44.18, which, if violated, would cause prices to drop to 43.60. In the upper region, resistance lies at 45.64. The next price resistance is at 46.52. RSI (Relative Strength Index) is 42.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.67, which suggests the price will decrease in the coming days. Percent R is at 88.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
