Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wayfair Inc shares valued at $1,389,992 were sold by Conine Steven on Feb 20 ’25. At $46.33 per share, Conine Steven sold 30,000 shares. The insider’s holdings dropped to 559,073 shares worth approximately $22.09 million following the completion of this transaction.
Also, Shah Niraj sold 30,000 shares, netting a total of over 1,389,739 in proceeds. Following the sale of shares at $46.32 each, the insider now holds 559,137 shares.
Before that, Conine Steven had added 30,000 shares to its account. In a trade valued at $1,476,600, the Officer bought Wayfair Inc shares for $49.22 each.
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 -14.22%. Over the course of the year, Wayfair Inc shares have dropped approximately -10.85%. Shares of the company reached a 52-week high of $51.16 on 01/31/25 and a 52-week low of $39.22 on 02/27/25. A 50-day SMA is recorded $46.01, while a 200-day SMA reached $49.28.
Support And Resistance Levels for Wayfair Inc (W)
According to the 24-hour chart, there is a support level at 38.35, which, if violated, would cause prices to drop to 37.20. In the upper region, resistance lies at 41.53. The next price resistance is at 43.55. RSI (Relative Strength Index) is 35.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.96, which suggests the price will decrease in the coming days. Percent R is at 97.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
