Shares of Wayfair Inc (NYSE:W, NYSE:) traded lower after a regulatory filing revealed its chief technology officer Fiona Tan sold 14,143 shares in the company on October 3, 2023.
Shares of the furniture and home goods e-commerce company fell 5.8% to US$54.76 early on Thursday afternoon.
Over the past year, Tan has sold a total of 70,044 shares and has made no share purchases, according to GuruFocus Research.
Tan took on the role of Wayfair’s CTO in March 2022, succeeding Jim Miller who was retiring. Prior to this, she had worked as Wayfair's Global Head of Customer and Supplier Technology since 2020.
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