Wayfair Inc. (W): Nicholas Malone , Chief Administrative Officer of Wayfair Inc. sold 400 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $41.00 per share for a total value of $16,400.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Edmond Macri (Chief Product) sold 600 shares at $41.00 per share price.On Jun 8, 2016, Steven Conine (Co-Founder) sold 12,000 shares at $41.21 per share price.Also, On Jun 8, 2016, Niraj Shah (director officer 10% owner (Chief Executive Offic) sold 12,000 shares at $41.19 per share price.On Jun 8, 2016, James Savarese (Chief Operating Officer) sold 500 shares at $42.23 per share price.
Wayfair Inc: On Tuesday, Jun 7, 2016 heightened volatility was witnessed in Wayfair Inc which led to swings in the share price. The shares opened for trading at $41 and hit $42.62 on the upside , eventually ending the session at $41.97, with a gain of 2.39% or 0.98 points. The heightened volatility saw the trading volume jump to 6,62,758 shares. The 52-week high of the share price is $56.84 and the company has a market cap of $3,555 M . The 52-week low of the share price is at $28.85.
Company has been under the radar of several Street Analysts.Wayfair Inc is Initiated by Maxim Group to Buy and the brokerage firm has set the Price Target at $50. The Rating was issued on May 26, 2016.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. (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.