Why Wayfair Stock Dropped 26.7% in October
Shares of Wayfair (NYSE: W) slumped 26.7% in October, according to data from S&P Global Market Intelligence, after the online home-furnishings retailer announced mixed third-quarter 2019 results and warned of potentially decelerating growth.
The stock slumped nearly 19% on Oct. 31 alone, the same trading day as its quarterly update was released.
A room decorated with Wayfair products. Image source: Wayfair.
Source Fool.com
