Why Wayfair Stock Is Still Rising After Gaining 500%
Shares of Wayfair (NYSE: W) continued their massive run higher on Monday, adding another nearly 6% to their gains as of 4:15 p.m. EDT, even though Stifel analysts downgraded the stock because it had exceeded their price target.
The online retailer has been on a tear since mid-March, surging 500% over five weeks, as it has benefited from a deep bench of available products and quick turnaround time on delivery.
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Source Fool.com
