Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Wayfair Stock Plunged Today

TheMotleyFool 
0 0 28.02.20
Why Wayfair Stock Plunged TodayPhoto, 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) were tumbling today after the online home goods retailer reported a wider loss than expected in its fourth-quarter earnings report and issued weak first-quarter guidance, saying that it had experienced some supply chain disruptions from the coronavirus.

As a result, the growth stock was down 16.9% as of 11:21 a.m. EST, after falling as much as 25.2% earlier in the morning.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
W
Share

Comments

Not a member yet? Sign up for free!