Wayfair Inc’s filing revealed that its Co-Founder Conine Steven unloaded Company’s shares for reported $1.45 million on Jan 21 ’25. In the deal valued at $48.45 per share,30,000 shares were sold. As a result of this transaction, Conine Steven now holds 589,073 shares worth roughly $28.94 million.
Then, Shah Niraj sold 30,000 shares, generating $1,453,379 in total proceeds. Upon selling the shares at $48.45, the Chief Executive Officer now owns 589,137 shares.
Before that, Shah Niraj bought 30,000 shares. Wayfair Inc shares valued at $1,453,463 were divested by the Officer at a price of $48.45 per share.
Wedbush downgraded its Wayfair Inc [W] rating to a Neutral from a an Outperform in a research note published on January 06, 2025; the price target was decreased to $44 from $45. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. UBS maintained its rating on October 22, 2024. It rated W as “a Buy”.
Price Performance Review of W
On Tuesday, Wayfair Inc [NYSE:W] saw its stock jump 0.37% to $49.12. Over the last five days, the stock has gained 1.01%. Wayfair Inc shares have risen nearly 10.83% since the year began. Nevertheless, the stocks have fallen -10.51% over the past one year. While a 52-week high of $76.18 was reached on 01/21/25, a 52-week low of $37.35 was recorded on 01/16/25. SMA at 50 days reached $46.35, while 200 days put it at $50.58.
Levels Of Support And Resistance For W Stock
The 24-hour chart illustrates a support level at 47.98, which if violated will result in even more drops to 46.84. On the upside, there is a resistance level at 50.07. A further resistance level may holdings at 51.02. The Relative Strength Index (RSI) on the 14-day chart is 59.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.04%. Stochastics %K at 86.80% 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 2025-01-15, dropping by -2.1 million shares to a total of 15.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 17.58 million shares. There was a decline of -13.56%, which implies that there is a negative sentiment for the stock.
