Wayfair Stock is currently trading at $13.27 per share, a 20% premium over the closing price of its shares on Monday, May 19.
Wayfair stock is up more than 100% since the beginning of the year.
The company has been on a tear, posting record quarterly profit growth, but it is facing a $3.6 billion deficit for the third quarter.
Wayfair’s stock has jumped more than 500% since its IPO in January.
