Where Will Wayfair Inc (W) Stock Go Next After It Has Fallen 3.41% in a Week?

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

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

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 $186.28 as of 4:00 PM on Tuesday, Jan 4, a drop of -$9.49, or -4.85% from the previous closing price of $195.77. The stock has traded between $179.71 and $197.77 so far today. Volume today is above average. So far 1,822,407 shares have traded compared to average volume of 1,387,348 shares. To see InvestorsObserver's Sentiment Score for Wayfair Inc click here.

More About Wayfair Inc

Wayfair engages in e-commerce in the United States and Europe. As of Sept. 30, 2021, the firm offered more than 22 million products from 16,000-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.