Wayfair Inc. (W) Files Form 4 Insider Selling : Steven Conine Sells 12,000 Shares

Wayfair Inc. (W): Steven Conine , Co-Founder of Wayfair Inc. sold 12,000 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 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, James Savarese (Chief Operating Officer) sold 500 shares at $43.00 per share price.On Sep 21, 2016, Michael D Fleisher (Chief Financial Officer) sold 4,575 shares at $42.64 per share price.Also, On Sep 21, 2016, Edmond Macri (Chief Product/Marketing) sold 600 shares at $41.66 per share price.On Sep 21, 2016, Niraj Shah (director officer 10% owner (Chief Executive Offic) sold 12,000 shares at $41.36 per share price.

Wayfair Inc (W) witnessed a volatile trading activity on Tuesday Sep 27, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $41.4 and reached the intraday high at $41.44. The bulls started the profit booking and pushed the shares to intraday low of $40.48. The trading session was marked by a volume range of 7,91,980 shares exchanging hands. The 52-week high of the shares is $50 and the 52-week low is $28.85. The market cap of the company stands at $3,505 M and there are 8,49,95,064 shares in public circulation.

Wayfair Inc Money Flow Index Chart

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.

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