Wayfair Inc. (W) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues Friday’s uptrend for the company — as the stock is now up more than 46% in the past one-month time frame.
The company has seen 2 negative and 3 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Wayfair currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same space is Autobytel Inc. (ABTL) sporting a Zacks Rank #1 (Strong Buy).
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Strength Seen in Wayfair (W): Stock Adds 8.6% in Session - Tale of the Tape
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