Wayfair Inc. (W): Steven Conine , Co-Founder of Wayfair Inc. sold 12,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $40.07 per share for a total value of $480,518.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Nicholas Malone (Chief Administrative Officer) sold 400 shares at $38.25 per share price.On May 17, 2016, Edmond Macri (Chief Product) sold 600 shares at $38.68 per share price.Also, On May 17, 2016, Steve Oblak (SVP and GM, Wayfair.com) sold 500 shares at $39.12 per share price.On May 11, 2016, James Savarese (Chief Operating Officer) sold 500 shares at $38.10 per share price.
Shares of Wayfair Inc (W) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.32% at $40 with 6,84,911 shares getting traded. Post opening the session at $39.3, the shares hit an intraday low of $39.3 and an intraday high of $40.1701 and the price vacillated in this range throughout the day. The company has a market cap of $3,389 M and the number of outstanding shares has been calculated to be 8,47,14,747 shares. The 52-week high of Wayfair Inc is $56.84 and the 52-week low is $28.45.
Company has been under the radar of several Street Analysts.Wayfair Inc is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 10, 2016.Wayfair Inc is Initiated by JP Morgan to Neutral. The Rating was issued on Apr 25, 2016.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. (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.