Why Wayfair's Stock Is Trading Higher Today

Wayfair W shares are trading higher on Wednesday, potentially in anticipation of the company's Fourth of July clearance sale.

Wayfair is an e-commerce company that sells furniture and home-goods. Formerly known as CSN Stores, the company was founded in 2002.

Wayfair shares were trading up 11.2% at $219.92 at the time of publication Wednesday. The stock has a 52-week high of $222.06 and a 52-week low of $21.70.

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