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

40.09

Mkt cap

Volume

5.3M

High

42.07

P/E Ratio

-8.92

52-wk high

76.17

Low

39.34

Div yield

N/A

52-wk low

37.60

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), DraftKings (DKNG), Carvana (CVNA), Toyota Motor (TM), KB Home (KBH), Lucid Group (LCID), V.F. Corporation (VFS), Mattel (MAT), Home Depot (HD), and Wayfair (W). The article provides detailed information about the options activity for each stock, including the type of option (put or call), the sentiment (bearish or bullish), the expiration date, the strike price, the total trade price, the open interest, and the volume.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 5:35 pm

Several stocks experienced significant movement in Tuesday's mid-day session. Vericity, Inc. (VERY) shares climbed 87.4% after iA Financial Group announced it will acquire the company. POINT Biopharma Global Inc. (PNT) surged 84.7% after Eli Lilly And Co (LLY) agreed to acquire the company. ALX Oncology Holdings Inc. (ALXO) shares jumped 56% after releasing interim Phase 2 data from its ASPEN-06 trial. On the downside, SmileDirectClub, Inc. (SDC) dipped 39.7% after receiving notice that its securities will be delisted from the Nasdaq. WeWork Inc. (WE) fell 22% after opting not to make aggregate interest payments totaling about $95.2 million.

Portfolio Pulse from Lisa Levin

October 03, 2023 | 5:32 pm

Retail and consumer discretionary stocks are trading lower due to overall market weakness caused by rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 5:05 pm

Culper Research has raised doubts about GigaCloud Technology's success story, highlighting several inconsistencies in the company's narrative. These include an improbably low workforce for their warehouse operations, claims of being significantly more efficient than industry giants, and a lack of hiring activity. The company's last-mile delivery segment, which reportedly generated over $80 million in revenue, is registered with just five vehicles. GigaCloud's shares are down 23.9%.

Portfolio Pulse from Vandana Singh

September 28, 2023 | 2:48 pm

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), General Motors (GM), Rivian (RIVN), Faraday Future (FFIE), Wayfair (W), Airbnb (ABNB), Li Auto (LI), Accel Entertainment (ACEL), Lululemon Athletica (LULU), and Fisker (FSR). The options activity ranges from neutral to bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:35 pm

Several analyst forecasts were released on Friday, with changes in price targets and ratings for multiple companies. Notably, Loop Capital increased the price target for Splunk Inc. (SPLK) but downgraded the stock from Buy to Hold. Wedbush cut Darden Restaurants, Inc.'s (DRI) price target, while Wells Fargo slashed the price target for Travere Therapeutics, Inc. (TVTX). Canaccord Genuity lowered the price target for Deere & Company (DE), and Wells Fargo increased Charter Communications, Inc.'s (CHTR) price target. Bernstein raised Wayfair Inc.'s (W) price target, Telsey Advisory Group cut NIKE, Inc.'s (NKE) price target, and Goldman Sachs cut FactSet Research Systems Inc.'s (FDS) price target. Mizuho boosted the price target for Micron Technology, Inc. (MU), Raymond James cut Tritium DCFC Limited's (DCFC) price target, and Baird slashed Community Healthcare Trust Incorporated's (CHCT) price target.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 12:14 pm

Bernstein analyst Nikhil Devnani has upgraded Wayfair (NYSE:W) from Underperform to Market Perform and raised the price target from $60 to $65.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 9:26 am

E-commerce stocks including EBAY, OSTK, SHOP, and W are trading lower due to weakness in the broader retail sector.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:14 pm

Several US stocks recorded losses on Monday, including Scilex Holding Company, Canopy Growth Corporation, Nuvalent, DocGo, GigaCloud Technology, Eos Energy Enterprises, Unity Software, FingerMotion, Rumble, Butterfly Network, Couchbase, Caribou Biosciences, Moderna, Lexicon Pharmaceuticals, Wayfair, The Gap, Viking Therapeutics, AMC Entertainment Holdings, Tellurian, MINISO Group Holding, and Arm Holdings.

Portfolio Pulse from Lisa Levin

September 18, 2023 | 3:08 pm

US stock futures are cautiously optimistic ahead of the Federal Reserve's interest rate decision due on Wednesday. The market is also watching the bond yields, oil prices, and analysts' take on the Fed decision. Stocks closed little changed in the week ended Sept. 15, reacting to various catalysts including inflation data, oil prices, Arm Holdings' IPO, Apple's iPhone launch, and a strike threat by the United Auto Worker’s union. Analyst Quincy Krosby of LPL Financial emphasized the importance of how the Fed presents its expected pause. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose slightly.

Portfolio Pulse from Shanthi Rexaline

September 18, 2023 | 11:17 am

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