Here's Why Wayfair Stock Surged Today

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Here's Why Wayfair Stock Surged Today
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Shares of Wayfair (NYSE: W) popped 10% on Thursday after the home furnishings-focused online marketplace delivered strong second-quarter financial results. Wayfair's net revenue fell 10.4% year over year to $3.9 billion, but rose 11% sequentially. "Wayfair delivered $3.9 billion in net revenue in Q2 -- well above pre-pandemic run-rates, even as we began to lap the early heights of COVID-related lockdowns in 2020," CEO Niraj Shah said in a press release.

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