Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wayfair Inc shares valued at $22,050 were sold by Schaferkordt Anke on Feb 04 ’25. At $46.42 per share, Schaferkordt Anke sold 475 shares. The insider’s holdings dropped to 13,554 shares worth approximately $0.65 million following the completion of this transaction.
Also, Schaferkordt Anke purchased 475 shares, netting a total of over 22,048 in proceeds.
Before that, Conine Steven had sold 30,000 shares from its account. In a trade valued at $1,453,492, the Co-Founder traded Wayfair Inc shares for $48.45 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $28.46 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 drop of approximately -0.37%. Over the course of the year, Wayfair Inc shares have jumped approximately 9.00%. Shares of the company reached a 52-week high of $51.16 on 01/31/25 and a 52-week low of $42.00 on 01/16/25. A 50-day SMA is recorded $47.35, while a 200-day SMA reached $50.30. Nevertheless, trading volume fell to 1.61 million shares from 2.0 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 47.35, which, if violated, would cause prices to drop to 46.40. In the upper region, resistance lies at 48.83. The next price resistance is at 49.36. RSI (Relative Strength Index) is 53.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 31.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
