Investing

Has anyone been following Wayfair stock?

  • Last Updated:
  • May 15th, 2020 5:41 am
[OP]
Newbie
Oct 18, 2009
59 posts
8 upvotes
North York

Has anyone been following Wayfair stock?

What is going on with this stock? Why is it rising so much? At the pandemic crash it went down to around $22 and now its above $ 134.
I don't get it because I looked at its financials (on MarketWatch website) and it's not even returning any profit (everything looks in the negative)
Just looking at year over year income I would stay clear of this stock yet people are creating a ridiculous amount of demand for it

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Maybe I'm missing something but does anyone know what's up with this stock?
6 replies
Member
May 18, 2017
439 posts
222 upvotes
Toronto, Ontario
Hype that everyone is online shopping for furniture now? Not sure.

They have an earnings report tomorrow morning though. Will be fun to watch!
Newbie
Apr 17, 2020
12 posts
7 upvotes
junk stock or not that is crazy and they sell everything and advertise everywhere. I missed out but am jumping in for some gains....stock ticker "W" lol hard to forget that one.
they are like Amazon
from wikipedia
Wayfair Inc. is an American e-commerce company that sells furniture and home-goods. Formerly known as CSN Stores, the company was founded in 2002. Their digital platform offers 14 million items from more than 11,000 global suppliers
Sr. Member
User avatar
Dec 2, 2017
524 posts
534 upvotes
Monimoni05 wrote: junk stock or not that is crazy and they sell everything and advertise everywhere. I missed out but am jumping in for some gains....stock ticker "W" lol hard to forget that one.
they are like Amazon
from wikipedia
Wayfair Inc. is an American e-commerce company that sells furniture and home-goods. Formerly known as CSN Stores, the company was founded in 2002. Their digital platform offers 14 million items from more than 11,000 global suppliers
here goes another ad :facepalm:
Deal Addict
Aug 10, 2013
2253 posts
566 upvotes
Toronto
More people are shopping on there including myself, when you’re stuck at home , you tend to look at home improvement type stuff , people likely buying new furniture, stuff for their patio etc etc

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