Why Wayfair Stock Lost 9% Today
Shares of Wayfair (NYSE: W) were taking a dive, even though there was no company-specific news out on the online home furnishings retailer.
Instead, Wayfair got hit by rising Treasury yields, a sign investors think the Federal Reserve will be slower to cut interest rates than they previously did. Some economists now expect no cut at the next meeting in two weeks.
As a result, Wayfair finished the day down 9.3%.
Source Fool.com
Wayfair Inc. Stock
€90.34
-2.000%
With 40 Buy predictions and not a single Sell prediction Wayfair Inc. is an absolute favorite of our community.
As a result the target price of 99 € shows a slightly positive potential of 9.59% compared to the current price of 90.34 € for Wayfair Inc..
