Wayfair Inc.W was a big mover last session as the company saw its shares rise more than 10% on the day. Shares moved up after the company announced impressive revenue growth in its first quarter 2016 earnings call. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $35.61 to $42.40 in the past one-month time frame, showed a pick-up yesterday at $39.65.
This Internet commerce stock witnessed two negative estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
Wayfair has a Zacks Rank #4 (Sell).
However, a better-ranked stock in the same space is Amazon.com, Inc. AMZN , carrying a Zacks Rank #2 (Buy).
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