The market has been high on Wayfair Inc (W) stock recently. W gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With W Stock Today?
Wayfair Inc (W) stock is trading at $220.43 as of 2:33 PM on Monday, Jul 6, a rise of $6.33, or 2.96% from the previous closing price of $214.10. The stock has traded between $218.00 and $230.61 so far today. Volume today is light. So far 1,167,178 shares have traded compared to average volume of 2,319,967 shares.
To see the top 5 stocks in the Internet Retail industry click here.
More About Wayfair Inc
Wayfair engages in e-commerce in the United States and Europe. At the end of 2019, the firm offered approximately 18 million products from more than 12,000 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.
