W Jan 2023 290.000 put
- Motley Fool
Why Wayfair Stock Dived by 9% Today
Caught in this vortex was online furniture and home furnishings retailer Wayfair (NYSE: W); it didn't help that on the preceding day, an analyst launched coverage of the stock with the equivalent of a sell recommendation. After market close on Monday, Sanford C. Bernstein inaugurated its coverage, tagging Wayfair stock at "underperform." Analyst Nikhil Devnani placed a $45 per share price target on the shares, which at the time was more than 10% below Wayfair's closing price.
- Motley Fool
3 Stocks Top Fund Managers Were Buying in the First Quarter
John Ballard (Wayfair): Shares of the leading online home goods store have fallen 86% after reaching an all-time high of $369 in 2021. Wayfair's broad selection, investments in logistics infrastructure, and growing supplier base has led to phenomenal growth. In the first quarter of this year, revenue fell 13.9% over the year-ago quarter, which has caused much skepticism on Wall Street over Wayfair's growth prospects.
- Motley Fool
Why Wayfair Stock Tumbled 13.3% This Week
Other retail companies are giving out troubling commentary about the state of the industry, pulling down Wayfair's shares.
