3 Reasons Wayfair Is NOT a Buy Despite the Brick-and-Mortar News
Wayfair(W) Investor Place·2024-05-31 18:00
One of the companies whose share price has recovered nicely from last fall’s significant correction — the S&P 500 lost 9.4% from the beginning of August 2023 through the end of October — is Wayfair (NYSE:W), the online furniture retailer. Wayfair stock is up roughly 44% since hitting its 52-week low of $37.85 at the end of October. On May 17, Barron’s reported that Wayfair was opening its first large-format store in the week of May 20. It opened on May 23 in Wilmette, Illinois. KeyBanc analyst Bradley Thoma ...