In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $40.19, down -4.56% from the previous session.
W stock price is now -22.26% away from the 50-day moving average and -27.75% away from the 200-day moving average. The market capitalization of the company currently stands at $4.96B.
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On August 01, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $85 to quote $58, while ‘Argus’ rates the stock as ‘Buy’
In other news, Conine Steven, Officer bought 2,000 shares of the company’s stock on Aug 12 ’24. The stock was bought for $78,800 at an average price of $39.40. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Officer Shah Niraj bought 2,000 shares of the business’s stock. A total of $78,800 was incurred on buying the stock at an average price of $39.40. A total of 28.06% of the company’s stock is owned by insiders.
During the past 12 months, Wayfair Inc has had a low of $38.02 and a high of $78.73. The fifty day moving average price for W is $51.3422 and a two-hundred day moving average price translates $55.63295 for the stock.
The latest earnings results from Wayfair Inc (NYSE: W) was released for 2024-06-30. The company reported revenue of $3.12 billion for the quarter, compared to $3.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.7 percent. For the current quarter, analysts expect W to generate $2.89B in revenue.
