Stocks of Wayfair Inc (NYSE:W) traded higher last session on Wall Street, up 5.72% to $44.33.
W stock price is now -8.92% away from the 50-day moving average and -17.85% away from the 200-day moving average. The market capitalization of the company currently stands at $5.56B.
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With the price target reduced from $60 to $50, Needham maintained Buy rating for Wayfair Inc (NYSE: W). , while ‘UBS’ rates the stock as ‘Buy’
In other news, Schaferkordt Anke, Director sold 397 shares of the company’s stock on Nov 04 ’24. The stock was sold for $16,245 at an average price of $40.92. Upon completion of the transaction, the Director now directly owns 12,434 shares in the company, valued at $0.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Director Schaferkordt Anke bought 397 shares of the business’s stock. A total of $16,245 was incurred on buying the stock at an average price of $40.92. 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 $48.6722 and a two-hundred day moving average price translates $54.03505 for the stock.
The latest earnings results from Wayfair Inc (NYSE: W) was released for 2024-09-30. The company reported revenue of $2.88 billion for the quarter, compared to $2.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.04 percent.
