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Wayfair (W) in Focus: Stock Moves 6.9% Higher
Wayfair Inc. (W - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 56.8% in the past one-month time frame.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Wayfair currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Wayfair Inc. Price
Wayfair Inc. Price | Wayfair Inc. Quote
Investors interested in the Internet - Commerce industry may consider Expedia Group, Inc. (EXPE - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is W going up? Or down? Predict to see what others think:Up or Down
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