Wayfair Inc (NYSE:W) shares traded 1.14% higher at $59.44 on Wall Street last session.
W stock price is now -3.42% away from the 50-day moving average and 2.95% away from the 200-day moving average. The market capitalization of the company currently stands at $7.25B.
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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 $13.62 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 $13.62 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 $38.37 and a high of $90.71. The fifty day moving average price for W is $61.4376 and a two-hundred day moving average price translates $57.68345 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.
