Why Are Wayfair (W) Shares Soaring Today

What Happened? Shares of online home goods retailer Wayfair (NYSE:W) jumped 8.8% in the afternoon session after the company appointed Hal Lawton, president and CEO of Tractor Supply Company, to its board of directors and RBC Capital raised its price target. The addition of a successful CEO to the board signaled strong leadership. Alongside this news, RBC Capital increased its price target for Wayfair to $86 from $51. This followed the company's third-quarter results, which showed an 8.1% increase in net ...