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StockNews.com
StockNews.com
Business
Pragya Pandey

Is Wayfair Stock a Buy Under $120?

Wayfair Wayfair Inc

Wayfair Inc. (W) in Boston is one of the world's top online home shopping destinations. The company sells approximately 18 million goods in categories that include home furnishings, decor, home renovation, and housewares. The company's websites provide furniture, decor, housewares, and home renovation goods under the Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

The stock has slumped 65.5% in price over the past year and 37.4% over the past three months. In addition, closing yesterday's trading session at $116.68, the stock is currently trading 66.1% below its 52-week high of $343.80.

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