BofA Reinstates Coverage Of Overstock With Buy Rating, Says Turnaround Still In Early Stages
Overstock.com Inc (NASDAQ: OSTK) has been outperforming primary competitor Wayfair Inc (NYSE: W) and should continue to benefit from the secular shift to online shopping, according to BofA Securities.
Why Wayfair’s Stock Is Trading Lower Wednesday
Wayfair Inc (NYSE: W) shares are trading lower by 3.2% at $288.80 Wednesday afternoon after Citigroup maintained a Sell rating on the stock and lowered its price target from $250 to $225.
Citigroup Maintains Sell on Wayfair, Lowers Price Target to $225
Citigroup analyst Nicholas Jones maintains Wayfair (NYSE:W) with a Sell and lowers the price target from $250 to $225.
Why Is Wayfair’s Stock Trading Higher Today?
Wayfair Inc. (NYSE: W) shares are trading higher after the company announced a $1 billion buyback.
Credit Suisse Maintains Outperform on Wayfair, Lowers Price Target to $380
Credit Suisse analyst Stephen Ju maintains Wayfair (NYSE:W) with a Outperform and lowers the price target from $392 to $380.
Wayfair’s International Supply Chain — Point of Sale
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Why Wayfair Shares Are Trading Higher Today
Wayfair Inc (NYSE: W) shares are trading higher Thursday morning after the company announced better-than-expected second-quarter earnings results.
Active customers reached 31.1 million in the second quarter, which represents an increase of 19.6% year over year.