Wayfair W shares are trading lower on Wednesday with the company's Way Day sale beginning today.
Weakness may be related to positive vaccine developments from Johnson & Johnson, which could hamper the outlook for home furniture despite stay-at-home' names being strong for the session amid pandemic concerns.
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 down 6.69% at $283.82 at the time of publication. The stock has a 52-week high of $349.08 and a 52-week low of $21.70.
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