Wayfair Inc. (W) Files Form 4 Insider Selling : James Savarese Sells 500 Shares

Wayfair Inc. (W): James Savarese , Chief Operating Officer of Wayfair Inc. sold 500 shares on Apr 20, 2016. The Insider selling transaction was reported by the company on Apr 22, 2016 to the Securities and Exchange Commission. The shares were sold at $41.57 per share for a total value of $20,785.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 20, 2016, Nicholas Malone (Chief Administrative Officer) sold 400 shares at $41.35 per share price.On Apr 20, 2016, Edmond Macri (Chief Product) sold 500 shares at $40.71 per share price.Also, On Apr 19, 2016, Steven Conine (Co-Founder) sold 12,000 shares at $40.81 per share price.On Apr 19, 2016, Steve Oblak (SVP and GM, Wayfair.com) sold 500 shares at $40.81 per share price.

Shares of Wayfair Inc (W) ended Wednesday, Apr 20, 2016 session in red amid volatile trading. The shares closed down -1.63 points or -3.87% at $40.5 with 3,91,598 shares getting traded. Post opening the session at $42.08, the shares hit an intraday low of $40.43 and an intraday high of $42.99 and the price vacillated in this range throughout the day. The company has a market cap of $3,417 M and the number of outstanding shares has been calculated to be 8,43,80,724 shares. The 52-week high of Wayfair Inc is $56.84 and the 52-week low is $27.36.

Wayfair Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Wayfair Inc is Initiated by Buckingham Research to Buy and the brokerage firm has set the Price Target at $52. The Rating was issued on Apr 11, 2016.Wayfair Inc is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Apr 6, 2016.Wayfair Inc is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Mar 22, 2016.Wayfair Inc is Reiterated by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $73 .The Rating was issued on Feb 25, 2016.Wayfair Inc is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 4, 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 7000 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 Company’s 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.

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Wayfair Inc - Is it time to Sell?

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