Behind the Scenes of Wayfair's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Wayfair (NYSE:W) has seen a significant uptick in options trading, with a bullish sentiment from big-money traders. Benzinga's options scanner revealed 22 trades, predominantly bullish, focusing on a price band between $25.0 and $85.0. The company, specializing in e-commerce for home goods, has seen its stock price increase by 4.48% to $66.44. Analysts have varying opinions, with target prices ranging from $58 to $79. The next earnings report is expected in 87 days.
May 06, 2024 | 4:16 pm
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Wayfair's significant options trading activity, with a bullish bias, and analyst target prices suggest potential stock price movement. The stock has recently increased, and the next earnings report is awaited.
The bullish sentiment in options trading, combined with recent stock price increase and varied analyst ratings, indicates a positive short-term outlook for Wayfair. The anticipation of the next earnings report adds to the potential for stock price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100