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What is the Market's View on Wayfair Inc (W) Stock's Price and Volume Trends Friday?

Friday, February 03, 2023 03:44 PM | InvestorsObserver Analysts

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What is the Market's View on Wayfair Inc (W) Stock's Price and Volume Trends Friday?

Overall market sentiment has been high on Wayfair Inc (W) stock lately. W receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Wayfair Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on W!

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With W Stock Today?

Wayfair Inc (W) stock is trading at $66.94 as of 3:33 PM on Friday, Feb 3, a loss of -$5.79, or -7.96% from the previous closing price of $72.73. The stock has traded between $66.37 and $71.67 so far today. Volume today is light. So far 4,757,869 shares have traded compared to average volume of 6,545,277 shares.

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.

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