Wayfair Inc. (W): Niraj Shah , director officer 10% owner (Chief Executive Offic of Wayfair Inc. sold 12,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $41.36 per share for a total value of $496,320.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Steven Conine (Co-Founder) sold 12,000 shares at $41.36 per share price.On Sep 19, 2016, Steve Oblak (SVP and GM, Wayfair.com) sold 2,520 shares at $40.74 per share price.Also, On Sep 19, 2016, Nicholas Malone (Chief Administrative Officer) sold 2,435 shares at $39.40 per share price.On Sep 19, 2016, Michael D Fleisher (Chief Financial Officer) sold 2,038 shares at $39.60 per share price.
Wayfair Inc: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Wayfair Inc which led to swings in the share price. The shares opened for trading at $41.66 and hit $42.51 on the upside , eventually ending the session at $42.06, with a gain of 1.20% or 0.5 points. The heightened volatility saw the trading volume jump to 5,93,985 shares. The 52-week high of the share price is $50 and the company has a market cap of $3,575 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 Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 10, 2016.Wayfair Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 10, 2016.Wayfair Inc is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 55 from a previous price target of $60 . The Rating was issued on Aug 10, 2016.Wayfair Inc is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 49 from a previous price target of $50 . The Rating was issued on Aug 9, 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.