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Why Wayfair Stock Soared Today

The Motley Fool Logo The Motley Fool By Howard Smith
Why Wayfair Stock Soared Today

Wayfair reported an 8.1% year-over-year sales increase, beating analyst estimates and generating $93 million in free cash flow. The stock experienced a significant surge, likely due to a short squeeze, with shares rising over 22% and crossing $100 for the first time since early 2022.

Insights
W   positive

Strong quarterly performance with revenue and earnings beat, positive free cash flow generation, and accelerated market share gains as noted by CEO