In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $43.75, down -3.74% from the previous session.
W stock price is now -5.84% away from the 50-day moving average and -16.96% away from the 200-day moving average. The market capitalization of the company currently stands at $5.48B.
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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, Netzer Thomas, Chief Operating Officer sold 1,039 shares of the company’s stock on Dec 17 ’24. The stock was sold for $52,625 at an average price of $50.65. Upon completion of the transaction, the Chief Operating Officer now directly owns 171,790 shares in the company, valued at $7.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Officer Netzer Thomas bought 1,039 shares of the business’s stock. A total of $52,623 was incurred on buying the stock at an average price of $50.65. A total of 28.22% of the company’s stock is owned by insiders.
During the past 12 months, Wayfair Inc has had a low of $37.35 and a high of $76.18. The fifty day moving average price for W is $46.6792 and a two-hundred day moving average price translates $52.7644 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.
