The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wayfair Inc shares valued at $1,453,463 were purchased by Shah Niraj on Jan 21 ’25. At $48.45 per share, Shah Niraj acquired 30,000 shares.
Also, Conine Steven purchased 30,000 shares, netting a total of over 1,453,472 in proceeds.
Before that, Blotner Jon had sold 5,669 shares from its account. In a trade valued at $242,803, the Pres., Commercial & Operations traded Wayfair Inc shares for $42.83 each. Upon closing the transaction, the insider’s holdings decreased to 5,669 shares, worth approximately $2.76 million.
As published in a research note from Wedbush on January 06, 2025, Wayfair Inc [W] has been rated down from an Outperform to a Neutral and the price target has been revised to $44 from $45. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. Earlier on October 22, 2024, UBS resumed its rating. Their recommendation was “a Buy” for W stock.
Analyzing W Stock Performance
During the last five days, there has been a surge of approximately 11.80%. Over the course of the year, Wayfair Inc shares have jumped approximately 7.74%. Shares of the company reached a 52-week high of $49.92 on 01/21/25 and a 52-week low of $42.00 on 01/16/25. A 50-day SMA is recorded $45.57, while a 200-day SMA reached $50.89. Nevertheless, trading volume fell to 2.99 million shares from 6.76 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 46.99, which, if violated, would cause prices to drop to 46.24. In the upper region, resistance lies at 48.92. The next price resistance is at 50.10. RSI (Relative Strength Index) is 55.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.85, which suggests the price will increase in the coming days. Percent R is at 27.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
