Stock Alert: Wayfair Shares Hit 52-Week High

(RTTNews) - Shares of online home-goods and furniture retailer Wayfair Inc. (W) reached a 52-week high of $327.99 Tuesday morning, and are now trading at $327.00, up $12.90 or 4.11% in the regular trading session.

There are no company-specific news that could be attributed to the stock movement today.

On August 12, Wayfair announced the pricing of $1.32 billion aggregate principal amount of 0.625% convertible senior notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering was upsized from the previously announced offering of $1.2 billion aggregate principal amount of notes.