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

Following the Fed's rate cut, companies like Wayfair and T-Mobile are rushing to the bond markets to raise funds. Wayfair plans to issue $700 million in secured notes to repay debt, while T-Mobile is among 10 high-grade issuers seeking to raise $20-25 billion in the junk-bond market. The rate cut has lowered yields, making borrowing more attractive.

Portfolio Pulse from Michael Juliano

September 23, 2024 | 11:08 pm

Wayfair has announced a $700 million senior secured notes offering due in 2029. The proceeds will be used to repay existing convertible notes and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:11 pm

Retail stocks are trading higher after the Fed's decision to cut rates, which is expected to boost consumer spending. The sector is also benefiting from strong August retail sales data.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:19 pm

The article highlights significant options activity for several consumer discretionary stocks, indicating potential trading opportunities. Notable mentions include TSLA, JD, AMZN, LEVI, BABA, PDD, FL, W, GM, and DECK, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 5:35 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in stocks like JD, AMZN, TSLA, NKE, W, LCID, EVGO, HD, MCD, and ULTA. These activities indicate potential short-term price movements based on the sentiment of the trades.

Portfolio Pulse from Benzinga Insights

September 16, 2024 | 5:35 pm

Wayfair Inc (NYSE:W) shares rose by 8% as the home furnishings sector showed signs of recovery, driven by RH's strong earnings report. RH's results suggest increased consumer demand and easing supply chain pressures, potentially benefiting Wayfair.

Portfolio Pulse from Henry Khederian

September 13, 2024 | 2:13 pm

Furniture and home goods companies' shares are rising, likely in response to RH's positive Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 12:17 pm

Wayfair and Williams-Sonoma stocks rose in after-hours trading following RH's strong Q2 results, which exceeded analyst expectations. RH's positive earnings and revenue, along with an optimistic Q3 forecast, boosted investor sentiment in the furniture and home goods sector.

Portfolio Pulse from Erica Kollmann

September 12, 2024 | 9:22 pm

Shares of furniture and home goods companies are trading higher, likely in response to RH's positive Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:35 pm

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on large trades by 'whales' in companies like LCID, AMZN, BABA, NIO, TPR, W, PTON, CPRI, CZR, and ETSY. These activities can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

September 11, 2024 | 5:35 pm

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