Why Shares of Wayfair Jumped Again Today
Shares of online home-goods retailer Wayfair (NYSE: W) surged on Monday, as investors snapped up shares of battered consumer-durables companies that aren't dependent on brick-and-mortar stores.
As of 3 p.m. EDT, Wayfair's shares were up about 11% from Friday's closing price.
Until recently, Wayfair was a fast-growing, high-flying (and money-losing) mostly online seller of furniture and home goods. Its once-white-hot stock started cooling dramatically in February as the coronavirus pandemic appeared on more investors' radar. It fell a long way -- and now, investors are moving back in.
Source Fool.com