In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $42.83, up 0.42% from the previous session.
W stock price is now -12.19% away from the 50-day moving average and -20.92% away from the 200-day moving average. The market capitalization of the company currently stands at $5.29B.
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 October 22, 2024, UBS reiterated its ‘Buy’ rating on the stock by increasing its target price from $70 to quote $65, while ‘Argus’ rates the stock as ‘Hold’
In other news, Blotner Jon, Chief Commercial Officer sold 4,600 shares of the company’s stock on Oct 14 ’24. The stock was sold for $246,560 at an average price of $53.60. Upon completion of the transaction, the Chief Commercial Officer now directly owns 52,078 shares in the company, valued at $2.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 14 ’24, Officer Blotner Jon bought 4,600 shares of the business’s stock. A total of $246,560 was incurred on buying the stock at an average price of $53.60. A total of 27.97% 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 $76.18. The fifty day moving average price for W is $48.7774 and a two-hundred day moving average price translates $54.1598 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.
