Wayfair Inc (NYSE:W) shares traded 4.75% higher at $47.59 on Wall Street last session.
W stock price is now 0.47% away from the 50-day moving average and -4.92% away from the 200-day moving average. The market capitalization of the company currently stands at $5.96B.
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With the price target reduced from $45 to $44, Wedbush Downgraded its rating from Outperform to Neutral for Wayfair Inc (NYSE: W). On November 04, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $60 to quote $50, while ‘UBS’ rates the stock as ‘Buy’
In other news, Conine Steven, Officer bought 4,000 shares of the company’s stock on Feb 10 ’25. The stock was bought for $180,880 at an average price of $45.22. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 10 ’25, Officer Shah Niraj bought 4,000 shares of the business’s stock. A total of $180,880 was incurred on buying the stock at an average price of $45.22. 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 $47.3416 and a two-hundred day moving average price translates $50.07375 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.
