W | Wayfair Inc | Quick Take

In today's [W | Wayfair Inc | Quick Take] video , we will be discussing the online home furnishing company, Wayfair, and its recent performance. This topic was requested by @Gerald Fitz, who posted a discussion on Wayfair in our Discord community. For those who are not aware, our Discord is free to join. So, let's dive into it.

Gerald pointed out that Wayfair's weekly chart is showing a bullish sentiment despite insider selling. This raises some concerns and we will be looking into it using the financial analysis website, finviz. We will also be using Chart Mill for a quick due diligence.

Looking at Wayfair's recent earnings, they did miss on earnings and are currently losing money. However, they did beat on reported revenue which caused a spike in their stock price. But, it is worth noting that there is a significant amount of insider selling which may indicate a lack of confidence in the company. Additionally, their losses are increasing and EPS remains negative. There is a possibility of a short squeeze due to the high short interest, but this is something to be cautious about.

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CHAPTERS
00:00 - W | Wayfair
09:36 - BeachBum Trading Sites
10:24 - Discord Invite

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TRADING TOOLS USED IN THIS VIDEO
️ ChartMill https://bit.ly/3By9g4X
️ FinViz https://bit.ly/3h7r8M3
️ Seeking Alpha https://seekingalpha.com
️ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5

REFERENCES
W - Wayfair Inc. - Home Page http://www.wayfair.com/
Profile of Wayfair Inc. (W) stock | ChartMill.com https://www.chartmill.com/stock/quote/W?a=152324
W Wayfair Inc. Stock Quote https://finviz.com/quote.ashx?a=311864277&t=W
Weekly Trading Game Plan Notes for 5/6 – 5/10/24 - Part 2 https://docs.google.com/document/d/1klIp_lfVTixZhgcBItf4a9pYjlGKckOUwD6xEZISm3o/edit?usp=sharing

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#W #wayfair #duediligence

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