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Wayfair Inc. (NYSE:W) shares fell in Monday’s premarket session. This follows a 2.99% decline on Friday. While broader markets show strength, internal selling weighs on the e-commerce giant.
Nasdaq futures are up 0.69% while S&P 500 futures have gained 0.73%.
Massive Insider Share Offload
Recent filings show heavy selling by top brass. CEO Niraj Shah sold 109,389 shares at a $77.19 weighted average. He also offloaded 10,611 additional shares. These transactions left him with 49,137 direct shares.
Director Joins Selling Spree
Director Steven Conine mirrored these moves. Conine sold 109,606 shares at …
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