Wayfair (W) Soars 10.3%: Is Further Upside Left in the Stock?

Wayfair (W) shares ended the last trading session 10.3% higher at $56.13. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.3% loss over the past four weeks.Wayfair extended its rally, driven by its latest workforce reduction step. The company announced that it would be cutting 1,650 jobs which represent 13% of its global workforce and 19% of its corporate team as of Dec 31, 2023.This online home goods retailer is ...