Question
After visiting Yahoo Finance, I choose to select Wayfair inc. Wayfair is an e-commerce business in the United States and internationally. This company proves approximately
After visiting Yahoo Finance, I choose to select Wayfair inc. Wayfair is an e-commerce business in the United States and internationally. This company proves approximately twenty-two million products for the home sector that includes various brands of merchandise. Products include furniture, dcor, housewares, and home improvement products. The company was founded in 2002. In the last 52 weeks the Range for Wayfair has been 209.12 369.00.
In March of 2021 Wayfair Stock was up over 4X over the last 3 years. In an article from Nasdaq it was mentioned that this performance was due to two major trends, surge in demand for home improvements since more people were home during the pandemic and the growth to e-commerce shopping.
Based on trend it looks like the pandemic boost could be fading and people to not have the extra funds they were receiving from stimulus packages to continue with there home improvements and investing in their homes. From the end of May where they were trending over 300 in the last few weeks they seem to be under 300.
Do you agree or disagree with this post?
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