Wayfair Inc. Class A (W) Plunges 7.51%

Wayfair Inc. Class A (W) Plunges 7.51%

Wayfair Inc. Class A (W) had a rough trading day for Monday October 28 as shares tumbled 7.51%, or a loss of $-8.88 per share, to close at $109.31. After opening the day at $118.07, shares of Wayfair Inc. Class A traded as high as $118.25 and as low as $109.08. Volume was 2.83 million shares over 29,383 trades, against an average daily volume of n/a shares and a total float of 92.34 million.

As a result of the decline, Wayfair Inc. Class A now has a market cap of $10.09 billion. In the last year, shares of Wayfair Inc. Class A have traded between a range of $173.72 and $76.60, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Wayfair engages in e-commerce in the United States and Europe. At year-end, the firm offered approximately 14 million products from more than 11,000 suppliers for the home sector under the brands Wayfair, Joss & Main, AllModern, DwellStudio, Birch Lane, and Perigold. This includes a selection of furniture, decor, decorative accent, housewares, seasonal decor, and other home goods. Wayfair was founded in 2002 and is focused on helping people find the perfect product at the right price.

Wayfair Inc. Class A is based out of Boston, MA and has some 12,124 employees. Its CEO is Niraj Shah.

Wayfair Inc. Class A is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

error: Content is protected !!