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Wayfair Inc (W) gets rating Downgrade from Wedbush

Wayfair Inc’s recent filing unveils that its Officer Conine Steven acquired Company’s shares for reported $0.18 million on Feb 10 ’25. In the deal valued at $45.22 per share,4,000 shares were bought.

Then, Shah Niraj bought 4,000 shares, generating $180,880 in total proceeds.

Before that, Schaferkordt Anke sold 475 shares. Wayfair Inc shares valued at $22,050 were divested by the Director at a price of $46.42 per share. As a result of the transaction, Schaferkordt Anke now holds 13,554 shares, worth roughly $0.67 million.

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 fall -0.61% to $49.11. Over the last five days, the stock has gained 10.33%. Wayfair Inc shares have risen nearly 10.81% since the year began. Nevertheless, the stocks have fallen -5.39% over the past one year. While a 52-week high of $76.18 was reached on 01/31/25, a 52-week low of $37.35 was recorded on 01/16/25. SMA at 50 days reached $47.40, while 200 days put it at $50.04.

Levels Of Support And Resistance For W Stock

The 24-hour chart illustrates a support level at 48.10, which if violated will result in even more drops to 47.09. On the upside, there is a resistance level at 49.71. A further resistance level may holdings at 50.31. The Relative Strength Index (RSI) on the 14-day chart is 56.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.47%. Stochastics %K at 77.92% indicates the stock is a holding.

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