Notable Price Action: What’s Propelling Wayfair Inc to Reach 1 Year Low?

Notable Price Action: What's Propelling Wayfair Inc to Reach 1 Year Low?

The stock of Wayfair Inc (NYSE:W) hit a new 52-week low and has $26.74 target or 8.00% below today’s $29.07 share price. The 5 months bearish chart indicates high risk for the $2.56B company. The 1-year low was reported on Nov, 8 by If the $26.74 price target is reached, the company will be worth $204.80 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 3.66 million shares traded hands or 221.05% up from the average. Wayfair Inc (NYSE:W) has declined 22.15% since April 5, 2016 and is downtrending. It has underperformed by 24.11% the S&P500.

Wayfair Inc (NYSE:W) Ratings Coverage

Out of 18 analysts covering Wayfair LLC (NYSE:W), 8 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 44% are positive. Wayfair LLC has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. JP Morgan initiated Wayfair Inc (NYSE:W) on Monday, April 25 with “Neutral” rating. The firm has “Negative” rating by OTR given on Friday, October 2. The stock of Wayfair Inc (NYSE:W) has “Buy” rating given on Monday, April 11 by Buckingham Research. The firm has “Neutral” rating given on Thursday, January 7 by Robert W. Baird. The firm has “Outperform” rating given on Wednesday, August 10 by Wedbush. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, April 6. The stock of Wayfair Inc (NYSE:W) has “Neutral” rating given on Wednesday, August 10 by Goldman Sachs. Pacific Crest initiated Wayfair Inc (NYSE:W) on Tuesday, December 8 with “Sector Weight” rating. On Tuesday, December 22 the stock rating was initiated by Suntrust Robinson with “Neutral”. The company was initiated on Friday, July 31 by Evercore.

According to Zacks Investment Research, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts.”

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.30, from 1.13 in 2016Q1. The ratio increased, as 31 funds sold all Wayfair Inc shares owned while 32 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 59.77 million shares or 11.15% more from 53.78 million shares in 2016Q1.
Light Street Capital Mgmt Ltd Liability last reported 6.94% of its portfolio in the stock. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 0% or 302 shares in its portfolio. Battery Ix Limited Company reported 2.73M shares or 56.34% of all its holdings. Citadel Advsr Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Steadfast Capital Mgmt L P owns 2.57 million shares or 2.54% of their US portfolio. Wellington Mngmt Group Llp has 0.04% invested in the company for 4.44 million shares. First Tru Ltd Partnership, a Illinois-based fund reported 113,024 shares. Cipher Cap Lp owns 10,419 shares or 0.03% of their US portfolio. Geode Cap Ltd Liability Corporation has 0% invested in the company for 177,255 shares. Price T Rowe Associate Md accumulated 0% or 451,787 shares. Credit Agricole S A holds 0% or 24,468 shares in its portfolio. Schwab Charles Investment Mgmt owns 100,671 shares or 0% of their US portfolio. Wells Fargo And Company Mn, a California-based fund reported 23,761 shares. Teachers Advsr Incorporated reported 135,971 shares or 0.01% of all its holdings. Barclays Public holds 35,036 shares or 0% of its portfolio.

Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 132 insider sales for $69.59 million net activity. 837 shares were sold by Macri Edmond, worth $27,800. The insider HARBOURVEST PARTNERS 2007 DIRECT ASSOCIATES L.P. sold 40,200 shares worth $1.65 million. Malone Nicholas also sold $15,000 worth of Wayfair Inc (NYSE:W) on Monday, May 9. Shares for $28,618 were sold by Shah Niraj. 500 Wayfair Inc (NYSE:W) shares with value of $19,959 were sold by Oblak Steve. $19,240 worth of Wayfair Inc (NYSE:W) was sold by Savarese James on Wednesday, October 5. Mulliken John Champlin also sold $9,228 worth of Wayfair Inc (NYSE:W) shares.

More news for Wayfair Inc (NYSE:W) were recently published by:, which released: “Earnings Reaction History: WAYFAIR INC, 50.0% Follow-Through Indicator, 14.8 …” on November 08, 2016.‘s article titled: “Wayfair’s Augmented Reality Shopping App Now Available on Lenovo Phab 2 Pro” and published on November 01, 2016 is yet another important article.

W Company Profile

Wayfair Inc. (Wayfair), incorporated on August 8, 2014, which offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including, Joss & Main, AllModern, DwellStudio and Birch Lane. The Firm offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties. The Firm offers its suppliers a real-time view of its demand and inventory needs via data and analytics.

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