Wayfair (NYSE: W) shareholders trounced the market this week as the stock gained 18% through Thursday trading compared to a 3.3% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally was powered by bargain hunting from investors who have been attracted by Wayfair's reduced valuation. Wayfair's business is going through some challenges right now.
BOSTON, June 15, 2022--Wayfair (NYSE:W), one of the world’s largest destinations for the home, today released its inaugural Corporate Responsibility Report, as the company shares and celebrates progress across environmental, social and governance topics.
Amid the tech crash, Wayfair's taken an especially hard hit, as shares are down about 75% in 2022 so far.