Why Peloton, Overstock, and Wayfair Stocks Fell on Monday
Shares of several companies that have done well since the onset of stay-at-home orders in March were down today, as investors reconsidered their future prospects while U.S. states reopen, and in light of promising news about a COVID-19 vaccine in development.
Here's where shares of each of these three companies ended Monday's session, with their percentage changes relative to Friday's closing prices.
At first glance, these companies don't seem to have much in common aside from being broadly categorized as consumer-discretionary stocks. But look closer: While many companies in many sectors have struggled since the outbreak of the COVID-19 virus, these three have all seen business jump. In fact, all three are, in different ways, quite well suited for this moment -- and on Monday, that had investors concerned about what might happen when this moment ends.
Source Fool.com
