(NYSE: W) investors have been on a wild ride in the past three years. Shares in the online seller of home furnishings returned nearly 70% early in that period, yet a painful slump in the past year or so pushed stock lower by almost 80%. And now, in just the past month the shares are up some 25%.

The e-commerce business had been among the biggest beneficiaries of early pandemic demand spikes for home furnishings, but now the business is contracting and giving up much of those sales gains. The big question is whether the investing thesis is broken for this formerly high-flying growth stock.

Let's dive in and find out.

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Source Fool.com