Wayfair Inc. (W) Surges: Stock Moves 13.7% Higher

Wayfair Inc. W was a big mover last session, as the company saw its shares rise more than 13% 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 $62.30 to $73.24 in the past one-month time frame.

The move came after the company reported solid revenue growth in first quarter of 2018.

The company has not seen any estimate revisions in the past month, however the Zacks Consensus Estimate has moved lower in the said time period, 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 #4 (Sell), while its Earnings ESP is negative.

Wayfair Inc. Price

Wayfair Inc. Price | Wayfair Inc. Quote

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

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