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Why Overstock.com, Williams Sonoma, and Warby Parker Shares Rallied Big on Tuesday

Billy Duberstein, The Motley Fool
·3 min read
Why Overstock.com, Williams Sonoma, and Warby Parker Shares Rallied Big on Tuesday

Shares of Overstock.com (NASDAQ: OSTK), Williams-Sonoma (NYSE: WSM), and Warby Parker (NYSE: WRBY) rallied on Tuesday, rising 11.8%, 4.6%, and 7%, respectively, on the day. As the markets rallied from July into August, it appears some speculative behavior is creeping back in, with meme-stock traders buying on any sliver of good news -- especially in heavily shorted stocks. For the beaten-down retail sector, that bit of good news came today in the form of Walmart's (NYSE: WMT) better-than-feared earnings report, as well as Home Depot's (NYSE: HD) revenue and earnings beat.

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