In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $52.25, up 4.02% from the previous session.
W stock price is now -11.29% away from the 50-day moving average and -7.87% away from the 200-day moving average. The market capitalization of the company currently stands at $6.37B.
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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, Netzer Thomas, Chief Operating Officer sold 1,050 shares of the company’s stock on Jun 18 ’24. The stock was sold for $55,419 at an average price of $52.78. Upon completion of the transaction, the Chief Operating Officer now directly owns 135,593 shares in the company, valued at $7.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07 ’24, Co-Founder Conine Steven sold 10,000 shares of the business’s stock. A total of $567,915 was realized by selling the stock at an average price of $56.79. This leaves the insider owning 219,073 shares of the company worth $11.45 million. A total of 28.27% 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 $58.8352 and a two-hundred day moving average price translates $56.6039 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.
