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

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

Morgan Stanley analyst Simeon Gutman maintains an Overweight rating on Wayfair (NYSE:W) and raises the price target from $85 to $90.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:34 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment was observed in TSLA, BABA, LESL, AMZN, and LVS options, while bearish sentiment was seen in PDD, W, ABNB, PENN, and BKNG options. The activity involved both put and call options with varying expiration dates and strike prices, reflecting diverse market expectations.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 5:35 pm

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like RIVN, VIPS, F, TSLA, WWW, AMZN, W, NIO, SBUX, and BABA. The activity ranged from bearish to bullish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and market expectations.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:35 pm

RBC Capital analyst Steven Shemesh has maintained a 'Sector Perform' rating on Wayfair (NYSE:W) and increased the price target from $61 to $65.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 4:43 pm

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.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 4:16 pm

TD Cowen analyst John Blackledge maintains a Hold rating on Wayfair (NYSE:W) and raises the price target from $55 to $58.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:42 pm

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