Wayfair director Steven Conine disposes of $7.3M in Class A shares
Steven Conine, a director at Wayfair Inc., disposed of 69,000 shares of the company's Class A Common Stock on October 12, 2026. The transaction totaled $7,296,708, with shares sold between $103.66 and $107.31 per share. The stock's current price is $104.78, marking a 40% increase over the past six months. Conine's actions were part of a pre-established Rule 10b5-1 trading plan, adopted on May 6, 2026.
Post-sale, he retains 222,073 shares directly and indirectly owns 22,857 shares through SK Ventures LLC, where he is a member. The Form 4 report was filed with the Securities and Exchange Commission on October 14, 2026. Recently, Wayfair has seen positive developments; its corporate family rating was upgraded to B1 by Moody's, acknowledging enhanced credit metrics and robust growth.
Bernstein SocGen Group upgraded Wayfair to an Outperform rating, raising its price target to $125, while Piper Sandler and Truist Securities maintained Overweight and Buy ratings, projecting a price of $133 and $135, respectively. These upgrades are driven by strong liquidity, operational strategies, and a market share increase. Overall, Wayfair's future appears promising.
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