Wayfair, Etsy and Qurate Retail gain on Cyber Monday [Seeking Alpha]
Qurate Retail, Inc. - Series A (QRTEA)
Last qurate retail, inc. - series a earnings: 2/25 04:30 pm
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Source: Seeking Alpha
Adobe Analytics updated early in the day that Cyber Monday spending could grow to as much as $12.4B this year, with usage of buy-now-pay-later services hitting an all time high of nearly $800M. Meanwhile, Goldman Sachs pointed to a level of promotions that was a touch lighter than anticipated. Heading into Cyber Monday, the potential for heavy discounting in the retail sector was a concern of analysts. Notable gainers included Qurate Retail ( QRTEA , Wayfair ( NYSE: W , Hour Loop ( HOUR , Etsy ( NASDAQ: ETSY , Newegg Commerce ( NEGG , Solo Brands ( DTC , and Thred Up ( TDUP E-commerce giant Amazon ( NASDAQ: AMZN ) was up to outpace the S&P 500 Index. A notable underperformer on Cyber Monday was Chewy ( CHWY ), with a swing lower of as of 2:58 p.m. Short interest on Chewy ( CHWY ) is elevated at 16.9% of the total float. Chewy ( CHWY ) is lined up to report earnings on December 6. Recommended For You Recommended For You Related Stocks In The News Trending Analysis Tre
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