Wayfair (W) has risen sharply, recording gains of 1.5% in the past 4 weeks. However, the stock has corrected -6.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.85% and the 50-Day Moving Average is 2.99%.The 200 Day SMA reached 4.01%
Wayfair (NYSE:W): The stock opened in the green at $39.73 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $39.92 and a low of $39.11 for the day. The stock did not find buyers even at the lows and closed at $39.37 recording a loss of -0.18%. 1,318,505 shares exchanged hands during the trading day. The stock had closed at $39.37 in the previous days trading.
Wayfair (W) : The consensus price target for Wayfair (W) is $52.89 for the short term with a standard deviation of $12.84. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $85, however, the pessimist price target for the company is $43.
Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Companys online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers, retailers and other advertisers market to its consumer audience.