Why Shares of Wayfair Are Rising Today
Shares of Wayfair (NYSE: W) were rising on Friday morning, as concerns about the company's supply line eased and bargain-hunting investors began buying its battered shares.
As of 11:41 a.m. EDT, Wayfair's shares were up 17% from Thursday's closing price.
Lots of stocks have had a tough ride since the beginning of February, but Wayfair's ride has been tougher than most: The stock lost three-quarters of its value through yesterday's close.
Source Fool.com