Caught an interesting insider trade this morning - Wayfair's co-founder Steven Conine just dumped about 2.1 million worth of shares back in late February. Now before anyone panics about insiders bailing, the details actually matter here. Dude still holds like 170k shares directly plus another 23k through his LLC, so he's clearly not abandoning ship. This was part of a pre-arranged trading plan from May 2025, which is basically how insiders avoid the whole 'are you trading on secret info' drama.

What caught my eye is the timing though. Wayfair stock was absolutely ripping - hit nearly 120 bucks in January off solid execution. The company did 12.5 billion in sales last year with 5% growth, and they're finally getting their losses under control (down to 313 million from 492 million the year before). So yeah, when a founder sells into strength like that, it's worth paying attention to the valuation. Trading at roughly 1x sales right now, which is elevated compared to where it's been most of the year.

Here's the thing though - if you're asking what is a good stock to buy right now, this probably isn't the moment for Wayfair. The price action is impressive and the business is improving, but the entry point feels stretched. Good time to trim if you're already in, not necessarily time to load up. The company's fundamentally on the right track, but valuation matters when you're building a portfolio.