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Why Wayfair Stock Dropped 26.7% in October

TheMotleyFool 
0 0 12.11.19
Why Wayfair Stock Dropped 26.7% in OctoberPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png
 

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.

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Source Fool.com

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