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Why Wayfair Stock Is Up Today

TheMotleyFool

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Shares of online home-goods retailer Wayfair (NYSE: W) were trading higher on Wednesday afternoon, as the company geared up for a major Fourth of July sale. As of 3 p.m. EDT, Wayfair's shares were up about 12% from Tuesday's closing price.

Despite a steep decline in March amid the outbreak of COVID-19 in the United States, Wayfair's stock has gained more than 140% since the beginning of 2020.