September 2020

Saturday, September 19 2020

Way Fair up 20 points on Friday 9/18/2020

We believe Way Fair stock was up for couple of reason, first the company announced that their 2020 Way Day is schedule for Wednesday 9/23/2020. Way Day is like Prime Day for Amazon (AMZN) which the company offer discounts on most of their products to attract current and new customers. The other reason W stock was up on Friday is most stay-at-home stocks were up. We believe W stock ran way too high in August in anticipation of great Q2 results and analysts upgrading the shares and raising price targets. W announced their Q2 results on August 5th and they did indeed blow past the highest estimates and the stock soared to $349 within few days. We believe that in the next few days leading to Way...

Continue reading...