Wayfair surges on double (JP Morgan) upgrade – 'tides have turned positive'
BARRON’S reports: Wayfair W +24.42% shares soared Monday after landing a double upgrade from a J.P. Morgan JPM +0.50% analyst arguing that “tides ...
SEEKING ALPHA reports:
Wayfair Inc. (NYSE:W) is the latest e-commerce retailer to reverse the massive hiring taken up during the pandemic.
The company is reported to be preparing to lay off more than 1K workers due to a slowdown with sales.
The round of job eliminations by Wayfair (W) is the second in six months and is expected to affect more than 5% of the workforce at the Boston-based company…
The full story is here.
PS: The company announced on Friday, 20 January, a new ...
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