Wayfair Stock Marks 52-Week Highs After Stellar Report

Group 1 - Wayfair Inc's stock increased by 7.3% to $69.96, reaching a 52-week high of $73.79 [1] - The company's second-quarter earnings and revenue exceeded estimates, with revenue growth at its highest since 2021, marking the quarter as a "resounding success" according to CEO Niraj Shah [1] - Year-to-date, Wayfair's stock is up 56.8%, having more than doubled in price from May to July [2] Group 2 - The stock has shown significant upward momentum since early April, with close support at the 20-day moving average since late April [2] - Short interest in Wayfair has increased, now representing 23.8% of the stock's available float, which may have contributed to today's gains [2] - Trading activity has surged, with 13,000 calls and 8,124 puts exchanged, indicating a higher than usual interest in options [3]