Wayfair Stock Falls to Three Year Low

Wayfair's earnings and revenue missed their mark

Deputy Editor
Feb 28, 2020 at 1:14 PM
facebook X logo linkedin

Wayfair Inc (NASDAQ:W) reported its quarterly earnings this morning and the results aren't pretty. The furniture company reported an adjusted loss of $2.80 per share, larger than the anticipated $2.65 loss. And while Wayfair increased fourth quarter sales profits, fourth-quarter revenue also missed its mark.

In response, W stock dropped 24.2% out of the gate to open at $53.31, a new three-year low. Currently, Wayfair stock has pared some of those losses to trade at $60.78. This extends the equity's losses to a sixth-straight session, and brings its losses now to 22% year-to-date. Analysts were already bearish heading into today, with 15 out of 24 considering "hold" or "strong buy" ratings.

In the options pits, puts are favored. W stock shows a Schaeffer's put/call open interest ratio (SOIR) of 2.11, ranking in the 92nd percentile.In other words, short-term options players have rarely been more put-heavy during the last 12 months.  However, a word of warning; the security's Schaeffer's Volatility Index (SVI) of 1.08 stands higher than 93% of all other readings from the past year, meaning volatility expectations are nearing annual high levels. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI