1
Wayfair stock price closed at $74 while observing a gain of 4.01% during the last intraday trading session.
2
Wayfair deploys artificial intelligence and machine learning to help deliver a positive customer experience.
3
W stock is up by 118.48% year-to-date (YTD).
Wayfair (W) stock entered into a strong uptrend at the end of May, rising from the low of $34.50 and forming an annual high of $90.71. The stock price faced strong resistance above $90 and formed a resistance at $86.
On August 3, Wayfair reported second-quarter earnings which induced a negative sentiment in the market. However, the company did beat the consensus estimate of revenue as well as earnings per share as the stock price witnessed a strong downfall.
Source: W Stock Price By TradingView.
Wayfair’s Q2 Report Analysis
Wayfair generated a revenue of $3.2 Billion in the second quarter, down 3.4% year-over-year. The number of active customers declined by 7.6% to
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