Wayfair (W) has risen sharply, recording gains of 0.52% in the past 4 weeks. However, the stock has corrected -18.82% in the past 1 week, providing a good buying opportunity on dips. Wayfair (W) : During the past 4 weeks, traders have been relatively bearish on Wayfair (W), hence the stock is down -0.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -18.87% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 7.3% and the 50-Day Moving Average is 4.46%. Wayfair (NYSE:W): stock turned positive on Friday. Though the stock opened at $38.18, the bulls momentum made the stock top out at $39.08 level for the day. The stock recorded a low of $37.55 and closed the trading day at $38.99, in the green by 2.12%. The total traded volume for the day was 1,596,160. The stock had closed at $38.18 in the previous days trading.
The company Insiders own 63.94% of Wayfair shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.1% . Institutional Investors own 66.91% of Wayfair shares. During last six month period, the net percent change held by insiders has seen a change of -11.62%. Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Wayfair (NYSE:W). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 10, 2016.
Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Companys online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers, retailers and other advertisers market to its consumer audience.