Streetbeat News

Wayfair Inc.

https://www.wayfair.com

Industry

Specialty Retail

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Open

38.94

Mkt cap

4.8B

Volume

3.3M

High

38.94

P/E Ratio

-8.49

52-wk high

76.17

Low

37.37

Div yield

N/A

52-wk low

37.37

Insiders at Enphase Energy, Wayfair, CrowdStrike Holdings, and Electronic Arts have recently sold shares. These sales could indicate various strategic decisions or perspectives on the company's valuation. Each company is approaching significant events, such as earnings releases and expanded partnerships, which could influence their stock performance.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 11:59 am

Shares of retail companies, including BURL, CHWY, CVNA, GME, and W, are trading lower due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:45 pm

Benzinga reported unusual options activity for Wayfair (NYSE:W), with over 13 trades totaling $1,238,483. Investors target a price range of $60-$75 for the next three months. The largest trades include both bullish PUT and bearish CALL options. Wayfair, an e-commerce company, saw its stock price drop by -5.0% to $57.32. Analysts have mixed reviews, with an average target price of $76.4. Wayfair's earnings release is anticipated in 17 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:16 pm

At the JPMorgan Retail Round-Up Conference 2024, Christopher Horvers highlighted Wayfair, Lowe's, and Best Buy as top stock picks in the retail sector, citing trends like stable U.S. consumer behavior, a resurgence in denim and activewear, and a focus on consumer value. Wayfair is expected to see growth from sales and margins due to demand for home goods. Lowe's is anticipated to benefit from increased demand for outdoor patio products. Best Buy could see a turnaround from back-to-school sales, contrasting with headwinds faced by Walmart, Target, and Home Depot.

Portfolio Pulse from Surbhi Jain

April 12, 2024 | 3:55 pm

Tesla Inc (NASDAQ:TSLA) shares have dropped 30% in 2024, with first-quarter deliveries missing estimates, making it one of the S&P 500's worst performers. The stock is heavily shorted, with a Hazeltree report giving it a 'crowdedness' score of 99, the highest for large-cap stocks. Chevron Corp (NYSE:CVX) and Wayfair Inc. (NYSE:W) also received high crowdedness scores, with CVX matching Tesla's score. AMC Entertainment Holdings (NYSE:AMC) was noted among small-cap stocks. Tesla's institutional supply utilization score is 2.18%, indicating a small percentage of shares from institutional investors being lent out. Despite the current downturn, Tesla's long-term performance remains strong, with significant gains over the past five and ten years.

Portfolio Pulse from Chris Katje

April 11, 2024 | 10:39 pm

Ascent Solar Technologies, Inc. (ASTI) shares fell by 50% after announcing a $6 million public offering at $0.14 per share. Other stocks experienced significant movements, with Marin Software (MRIN) and Adial Pharmaceuticals (ADIL) among the top gainers, while VIA optronics (VIAO) and Velo3D, Inc. (VLD) led the losers.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 6:07 pm

Deutsche Bank analyst Lee Horowitz maintains a Buy rating on Wayfair (NYSE:W) and raises the price target from $63 to $79.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:55 pm

Retail company shares are down due to market weakness after March inflation data exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:01 pm

Today's whale activity in the Consumer Discretionary sector highlighted significant options trading in stocks like TSLA, W, RSI, PDD, SN, NCLH, AMZN, DKS, ULTA, and EXPE. The trades varied in sentiment, with some showing bullish and others bearish outlooks, indicating diverse expectations for these stocks' future movements.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 5:35 pm

Top Wall Street analysts have updated their forecasts for several US-listed companies, impacting their stock price targets and ratings. Notable changes include upgrades for Avis Budget Group, Wayfair Inc., Synchrony Financial, Levi Strauss & Co., Dave & Buster's Entertainment, and Signet Jewelers Limited, while downgrades were issued for Chubb Limited, Cable One, Inc., Asensus Surgical, Inc., and Block, Inc.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 11:40 am

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