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Wayfair (W) in Focus: Stock Moves 8.4% Higher

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Wayfair Inc. (W - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.52 to $71.50 in the past one-month time frame.

The company has seen three negative estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower in the same time frame, 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 negative.

A better-ranked stock in the Internet – Commerce industry is Stamps.com Inc. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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