The price of Wayfair Inc (NYSE:W) shares last traded on Wall Street fell -1.84% to $61.43.
W stock price is now -1.25% away from the 50-day moving average and 5.10% away from the 200-day moving average. The market capitalization of the company currently stands at $7.49B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On April 24, 2024, RBC Capital Mkts reiterated its ‘Sector Perform’ rating on the stock by increasing its target price from $62 to quote $61, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Conine Steven, Co-Founder sold 10,000 shares of the company’s stock on May 07 ’24. The stock was sold for $682,588 at an average price of $68.26. Upon completion of the transaction, the Co-Founder now directly owns 229,073 shares in the company, valued at $14.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Chief Executive Officer Shah Niraj sold 10,000 shares of the business’s stock. A total of $680,330 was realized by selling the stock at an average price of $68.03. This leaves the insider owning 229,137 shares of the company worth $14.08 million. A total of 28.40% of the company’s stock is owned by insiders.
During the past 12 months, Wayfair Inc has had a low of $34.10 and a high of $90.71. The fifty day moving average price for W is $62.1482 and a two-hundred day moving average price translates $58.34535 for the stock.
The latest earnings results from Wayfair Inc (NYSE: W) was released for 2024-03-31. The company reported revenue of $2.73 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.62 percent.
