Wayfair Inc. (W) Sees Unusually-High Trading Volume
Wayfair Inc. (NYSE:W) saw unusually-high trading volume on Monday . Approximately 1,996,571 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,128,580 shares.The stock last traded at $48.39 and had previously closed at $48.03.
W has been the subject of a number of recent analyst reports. Vetr downgraded Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 price objective for the company. in a research report on Wednesday, June 8th. Buckingham Research initiated coverage on Wayfair in a report on Monday, April 11th. They issued a “buy” rating and a $52.00 target price on the stock. Maxim Group initiated coverage on Wayfair in a report on Thursday, May 26th. They issued a “buy” rating and a $50.00 target price on the stock. Cowen and Company reiterated a “buy” rating and issued a $61.00 target price on shares of Wayfair in a report on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. initiated coverage on Wayfair in a report on Tuesday, May 10th. They issued a “hold” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Wayfair has a consensus rating of “Hold” and an average target price of $53.18.
The stock’s market capitalization is $4.09 billion. The firm’s 50 day moving average is $41.35 and its 200 day moving average is $40.75.
In other Wayfair news, insider Edmond Macri sold 600 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $44.50, for a total transaction of $26,700.00. Following the completion of the sale, the insider now directly owns 237,308 shares in the company, valued at $10,560,206. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Harbourvest Partners 2007 Dire sold 115,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $40.81, for a total transaction of $4,693,150.00. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in W. California State Teachers Retirement System boosted its stake in Wayfair by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,171 shares of the company’s stock worth $1,770,000 after buying an additional 632 shares during the period. First Trust Advisors LP purchased a new stake in Wayfair during the fourth quarter worth about $2,895,000. State of New Jersey Common Pension Fund D boosted its stake in Wayfair by 14.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the company’s stock worth $22,858,000 after buying an additional 60,000 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Wayfair during the fourth quarter worth about $5,425,000.
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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