These 10 Stocks Exploded by Double Digits Today

7. Wayfair Inc. (NYSE:W)

Wayfair Inc. snapped a five-day losing streak on Tuesday, rallying 13.37 percent to end at $41.04 apiece as investors resorted to bargain-hunting to take advantage of the recent price drop.

In recent news, Wayfair Inc. (NYSE:W) announced plans to expand in Yonkers, New York, through the development of a large-format retail store at Ridge Hill. It is targeted to open in early 2027.

The development followed the announcement of another retail store in Atlanta, which is slated to open in 2026, as well as the recent opening of its first large-format retail store in Wilmette, Illinois.

Wayfair Inc.’s (NYSE:W) brick-and-mortar expansion plans reflect the company’s business optimism despite the ongoing trade tensions between the US and China, where it sources a huge chunk of its supplies.

In the first quarter of the year, Wayfair Inc. (NYSE:W) was able to narrow its net loss by 54 percent to $113 million from $248 million year-on-year. Net revenues, on the other hand, were flat at $2.73 billion.