Wayfair Inc (NYSE:W) shares are trading lower by $6.40 (8 percent) at $74.21 in Tuesday's session.
The stock, which made an all-time high ($82.17) and all-time closing high ($80.57) in Monday's session, is not being rewarded for its Q2 EPS beat of 20 cents along with a sales beat of $40 million.
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Instead, Wayfair is deep in in the red in today's session.
See Also: Wayfair Excels By Any Measure After 'Blowout' Q2
When it was unable to clear Monday's close ($80.57), only reaching $80.50, profit-takers came into the stock. The quick decline took it all the way to $72.55 and is now attempting to rebound. That low coincides with both its June 29 low ($72.47) and its July 10 low ($72.66).
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.