Why Wayfair Stock Was Down by Nearly 30% This Week
One of the worst-performing specialty retail stocks across the past few trading days has been Wayfair (NYSE: W).
The online furniture and home goods outlet's shares were down in excess of 26% week to date as of early Friday morning, according to data provided by S&P Global Market Intelligence. But that's what happens when a high-profile peer makes a deep cut to its guidance just after an analyst slices their price target on your stock.
The peer currently in hot water is high-end furniture and furnishings specialist RH, formerly known as Restoration Hardware.
Source Fool.com
