Streetbeat News

W

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

5B

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

Bank of America has highlighted key catalysts and stocks to watch in the second half of 2024, focusing on internet and e-commerce sectors. Major companies like Amazon, Alphabet, Meta Platforms, Pinterest, Wayfair, Uber, Vivid Seats, DoorDash, and Applovin are expected to see significant events that could impact their share prices.

Portfolio Pulse from Chris Katje

June 27, 2024 | 6:13 pm

In 2024, the U.S. tech industry has seen significant layoffs, with Tesla leading the charge by reducing its workforce by 14%. Other companies like Dell, Cisco, Xerox, PayPal, Microsoft, Unity, Wayfair, Expedia, and Google have also announced substantial layoffs. These workforce reductions reflect broader industry challenges and strategic realignments.

Portfolio Pulse from Surbhi Jain

June 24, 2024 | 2:20 pm

Loop Capital analyst Laura Champine maintains a Hold rating on Wayfair (NYSE:W) and lowers the price target from $60 to $50.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 1:56 pm

Shares of some furniture stocks are trading lower after retail sales at furniture and home furnishing outlets fell in May.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 6:52 pm

U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 0.2%. However, several stocks saw significant gains. Aaron's shares rose 32.2% after announcing an acquisition by IQVentures Holdings. Xponential Fitness, Lexicon Pharmaceuticals, Mirum Pharmaceuticals, United Homes Group, Ouster, Lufax Holding, Primo Water, Golar LNG, Autodesk, and Wayfair also recorded notable gains.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 1:59 pm

Shares of home goods companies are trading lower following RH's mixed earnings report and weaker consumer sentiment data.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:59 pm

Shares of companies within the consumer discretionary sector are trading higher following a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:36 pm

Wayfair's short interest has risen by 8.84%, with 20.73 million shares sold short, representing 30.65% of its float. This is significantly higher than its peers' average of 13.70%. It would take traders 3.23 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

May 27, 2024 | 7:45 pm

Needham analyst Anna Andreeva has reiterated a Buy rating on Wayfair (NYSE:W) and maintained a price target of $75.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:07 pm

Argus Research has upgraded Wayfair (NYSE:W) from Hold to Buy, with a new price target of $83.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:05 pm

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