Why Wayfair Stock Fell This Week
Wayfair (NYSE: W) shareholders lost ground to the market this week as the stock fell 2% through Thursday trading compared to a 0.4% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
The decline added to significant short-term losses for owners of the online home furnishings giant, whose stock is down over 55% so far in 2022 compared to a 10% drop in the wider market. It was powered by concerns about Wayfair's ability to quickly return to growth following its pandemic-related slowdown.
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Source Fool.com
