Wayfair (NYSE:W) : Traders are bullish on Wayfair (NYSE:W) as it has outperformed the S&P 500 by a wide margin of 4.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.99%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.33% in the last 1 week, and is up 6.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 6.08% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $56.84 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $40.06 and the 200 Day Moving Average price is recorded at $41.00.
The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 2.83%.
Wayfair (NYSE:W): stock turned positive on Friday. Though the stock opened at $40.89, the bulls momentum made the stock top out at $40.89 level for the day. The stock recorded a low of $39.99 and closed the trading day at $40.47, in the green by 0.65%. The total traded volume for the day was 829,438. The stock had closed at $40.21 in the previous days trading.
In an insider trading activity,The director officer 10% owner (Chief Executive Offic of Wayfair Inc., Shah Niraj sold 12,000 shares at $40.17 on July 6, 2016. The Insider selling transaction had a total value worth of $482,040. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.