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Fly News Breaks for November 30, 2016
W
Nov 30, 2016 | 13:22 EDT
Baird analyst Colin Sebastian notes that Wayfair reported "impressive" top-line growth for the "Cyber Five" shopping period, with direct retail sales increasing 52% year over year. The analyst believes the "strong" weekend is consistent with generally positive e-commerce data points, and suggests initial guidance was potentially overly cautious. Sebastian reiterates a Neutral rating and $37 price target on the shares.
News For W 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 | 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.