|Day's range||2.4000 - 2.4400|
Investors targeting declines in U.S. stocks saw sizeable gains during last week's sell-off, as markets plunged on concerns that the spread of the coronavirus was accelerating beyond China. Short sellers - who hope to profit by selling borrowed shares and buying them back later at a lower price - logged a one-week paper profit of $104.77 billion in the last week of February, according to data from financial technology and analytics firm S3 Partners measuring bets against U.S.-listed stocks and American Depositary Receipts.
This week's sharp stock sell-off helped activist short-seller Andrew Left profitably close a long-held bet against online retailer Wayfair on Friday. "I have been short Wayfair for four years and I actually covered it this morning," Left said in an interview. Wayfair shares closed down 10.2% on Friday after the company posted a wider-than-expected quarterly loss.
Wayfair (W) delivered earnings and revenue surprises of -5.66% and -0.05%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Wayfair Professional Launches 5th Annual Tastemaker Awards to Recognize Exceptional Commercial and Residential Design
Wayfair (W) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Wayfair's (W) third-quarter revenues are driven by strong direct retail business across international regions. However, tariff-related volatility affects its earnings.