The stock of Wayfair Inc (NYSE:W) last traded at $34.25, up 1.81% from the previous session.
W stock price is now -23.74% away from the 50-day moving average and -29.50% away from the 200-day moving average. The market capitalization of the company currently stands at $4.35B.
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, Co-Founder sold 30,000 shares of the company’s stock on Feb 20 ’25. The stock was sold for $1,389,992 at an average price of $46.33. Upon completion of the transaction, the Co-Founder now directly owns 559,073 shares in the company, valued at $19.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, Chief Executive Officer Shah Niraj sold 30,000 shares of the business’s stock. A total of $1,389,739 was realized by selling the stock at an average price of $46.32. This leaves the insider owning 559,137 shares of the company worth $19.15 million. A total of 27.06% of the company’s stock is owned by insiders.
During the past 12 months, Wayfair Inc has had a low of $33.53 and a high of $76.18.
The company reported revenue of $3.12 billion for the quarter, compared to $3.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.22 percent.
