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Fly News Breaks for March 16, 2018
OSTK, W
Mar 16, 2018 | 09:21 EDT
DA Davidson analyst Tom Forte downgraded Wayfair (W) to Underperform from Neutral, stating that "in hindsight" he now sees management's declaration on its Q4 earnings call of plans to significantly ramp investment spending as influenced by increased competition from Overstock (OSTK). The analyst, who thinks increased competition in the online home category could have "an ever greater negative impact" and more than first suggested by Wayfair's guidance, keeps a $65 price target on Wayfair shares.
News For W;OSTK From the Last 2 Days
W
Apr 24, 2024 | 13:26 EDT
Bullish option flow detected in Wayfair with 10,218 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 81.40%. May-24 60 puts and Sep-24 60 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.64. Earnings are expected on May 2nd.
W
Apr 24, 2024 | 12:00 EDT
W
Apr 24, 2024 | 07:31 EDT
TD Cowen raised the firm's price target on Wayfair to $55 from $50 and keeps a Hold rating on the shares. The firm said they expect the company to report revenue and EBITDA slightly below current consensus estimates when it reports earnings.
