Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Wayfair stock price closed at $74 while observing a gain of 4.01% during the last intraday trading session.</a> </li> 
 <li> <span>2</span> <a>Wayfair deploys artificial intelligence and machine learning to help deliver a positive customer experience.&nbsp;</a> </li> 
 <li> <span>3</span> <a>W stock is up by 118.48% year-to-date (YTD).</a> </li> 
</ul> 
<p>Wayfair (W) stock entered into a strong uptrend at the end of May, rising from the low of $34.50 and forming an annual high of $90.71. The stock price faced strong resistance above $90 and formed a resistance at $86.&nbsp;</p> 
<p>On August 3, Wayfair reported second-quarter earnings which induced a negative sentiment in the market. However, the company did beat the consensus estimate of revenue as well as earnings per share as the stock price witnessed a strong downfall.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288-1024x577.png" alt="Wayfair (W) Stock: Hefty Cost Saving Pay Off For Wayfair&nbsp;" class="wp-image-167029" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288-1024x577.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288-750x423.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288-1140x643.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-288.png 1431w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: W Stock Price By <a href="https://www.tradingview.com/x/GiN8kyNQ/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<h2 class="wp-block-heading" id="strong-wayfair-s-q2-report-analysis-strong"><strong>Wayfair’s Q2 Report Analysis&nbsp;</strong></h2> 
<p>Wayfair generated a revenue of $3.2 Billion in the second quarter, down 3.4% year-over-year. The number of active customers declined by 7.6% to 21.8 Million, showing a slight rise from the first quarter of 2023.&nbsp;</p> 
<p>Each customer placed an average of 1.82 orders over the last 12 months, falling from 1.85 in the period of last year. Wayfair delivered 10.3 Million orders in the second quarter, a rise of 3% year over year.&nbsp;</p> 
<p>The stock price retraced after the Q2 report and formed support at $63.70. Recently, W stock price regained bullish momentum to retest the resistance level of $86 but the move was halted as the price reached near $75.&nbsp;</p> 
<p>W stock price entered into a corrective phase again and formed a minor support at $69.30. The previous candle closed as a strong bullish candle, touching $74.96. If the next candle can break the high of the last candle, W stock price might head toward the next minor resistance level of $79 and potentially toward $86.&nbsp;</p> 
<p>On the other hand, if bears can break the support level of $69.30, W stock price might melt down toward the recent support of $63.70.&nbsp;</p> 
<p>Wayfair is using artificial intelligence which positions it as a standout player in the market. With AI catalyzing customer experiences and advancing growth and the home goods site resiliently facing challenges, Wayfair seems positioned on the cusp of expansion.</p> 
<h3 class="wp-block-heading" id="strong-will-w-stock-price-retest-86-in-september-strong"><strong>Will W Stock Price Retest $86 in September?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289-1024x577.png" alt="Wayfair (W) Stock: Hefty Cost Saving Pay Off For Wayfair&nbsp;" class="wp-image-167030" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289-1024x577.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289-750x423.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289-1140x643.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-289.png 1431w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: W Stock Price By <a href="https://www.tradingview.com/x/ZBKk6doj/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/05/09/save-stock-marked-its-52-week-low-drops-almost-3-this-monday/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> has climbed above 20, 50, 100, and 200-day exponential moving averages, indicating strong bullish momentum. Chaikin money flow score has surged above the 0 mark and currently stands at 0.10, suggesting strength in the market.&nbsp;</p> 
<p>The relative strength index has also propelled above the neutral mark and stands at 55.92, implying a strong confluence of bulls over the market. The Bollinger bands have slightly contracted suggesting a slight decrease in volatility.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Wayfair has slashed operating costs and it remains to see whether the cost-cutting will ultimately hit the customer experience. Spending on customer service and merchant fees fell 11%, spending on advertising was down 7% and spending on all other areas sank 8%. All these changes, Wayfair still remains unprofitable.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Major support: $69.30 and $63.70</p> 
<p>Major resistance: $79 and $86</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Wayfair (W) Stock: Hefty Cost Saving Pay Off For Wayfair

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