Opinions
The Weekly Buzzing Stocks by Billy Kawasaki
Wayfair
W-N
TOP PICK
Aug 17, 2023
$70.530
Stock price when the opinion was issued
Consumer Products
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BUY ON WEAKNESS
Allan Tong’s Discover Picks Like Shopify, Wayfair has tumbled from its highs. Wayfair’s 52-week range is $28.11 to $163.99. On Monday morning, shares jumped $10 to $57.00 as volumes soared beyond 300% its daily average.
Technically, Wayfair is a retailer, but it has acted like a tech stock. The pandemic fueled its e-commerce sales and shares into the stratosphere, but after Covid its shares have fallen back to Earth. What we’re seeing now is a bounce. JPM is saying, “Hey, W stock got oversold, the company is trimming costs, so it’s a cheap stock now.” Read 3 Promising Oversold Stocks for our full analysis.
Consumer Products
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Wayfair (nyse: w) offers an extensive selection of home furnishings and décor across all styles and price points. with an unparalleled selection of more than seven million home items from 7,000 suppliers, wayfair helps people find the perfect product at the right price. our unparalleled selection and superior customer service coupled with the convenience of online shopping, makes it easier than ever before to find exactly what you want for your home. the wayfair family of brands includes: • wayfair.com, an online destination for all things home • joss & main, an online flash sales site offering inspiring home design daily • allmodern, a go-to online source for modern design • dwellstudio, a design house for fashion-forward modern furnishings • birch lane, a collection of classic furnishings and timeless home décor wayfair is headquartered in boston, massachusetts, and employs 2,000 people across its eight global locations of boston, new york, ogden, utah, hebron, kentucky, galw. Social media mentions are up 100% in the past 24h.