Wayfair Inc. (W) shares gained 16.16% today (2023-08-03). Is it the right time to buy?

What’s happening at Wayfair Inc. (NYSE:W)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 16.16% (or 11.78 points) to $84.67 from its previous close of $72.89. So is it the right moment to buy?
Read more: Wayfair Inc. (W) shares gained 16.16% today (2023-08-03). Is it the right time to buy?