Is Wayfair Inc (W) Stock About to Get Hot Thursday?

The market has been down on Wayfair Inc (W) stock recently. W gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Wayfair Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on W!

See Full W Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With W Stock Today?

Wayfair Inc (W) stock is trading at $45.55 as of 11:54 AM on Thursday, Jun 30, a drop of -$2.62, or -5.44% from the previous closing price of $48.17. The stock has traded between $43.90 and $47.11 so far today. Volume today is light. So far 2,038,524 shares have traded compared to average volume of 3,741,254 shares. To screen for more stocks like Wayfair Inc click here.

More About Wayfair Inc

Wayfair engages in e-commerce in the United States and Europe. At the end of 2021, the firm offered more than 33 million products from 23,000-plus suppliers for the home sector under the brands Wayfair, Joss & Main, AllModern, DwellStudio, Birch Lane, and Perigold. This includes a selection of furniture, decor, decorative accent, housewares, seasonal decor, and other home goods. Wayfair was founded in 2002 and is focused on helping people find the perfect product at the right price. Click Here to get the full Stock Report for Wayfair Inc stock.