Why Wayfair Stock Was Slipping This Week
Shares of Wayfair (NYSE: W), the online home furnishings retailer, were among the losers on the stock market this week. News on the company itself was minimal, but the Fed's decision to trim its rate-cut forecast for next year -- from four cuts to two -- hit interest-rate-sensitive stocks like Wayfair hard.
As of 11:59 a.m. ET, the stock was down 15.5% for the week, according to data from S&P Global Market Intelligence.
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Source Fool.com
Wayfair Inc. Stock
€77.82
-4.650%
The stock is an absolute favorite of our community with 42 Buy predictions and no Sell predictions.
With a target price of 89 € there is a slightly positive potential of 14.37% for Wayfair Inc. compared to the current price of 77.82 €.
