Why Wayfair Stock Was Slipping This Week [Yahoo! Finance]
Wayfair Inc. Class A (W)
Last wayfair inc. class a earnings: 2/28 07:00 am
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Source: Yahoo! Finance
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 Image source: Getty Images. What's happening with Wayfair Wayfair has struggled since the end of the pandemic, as the housing market has been weak and its pandemic-driven surge is over. Investors have looked forward to a recovery in the housing market to recharge the stock, but it now seems like that's going to take longer than hoped. In a broad sell-off yesterday, driven by the Fed's change in its rate-cut forecast, Wayfair stock fell 9.9%, and it's not hard to see why. High mortgage rates have cooled off the housing market, which has weighed on home furnishings companies like Wayfair, as home purchases tend to lead to furniture purchases. Wayfair is also in a weaker posit
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News
- The Very Best Twin Mattresses For Kids, Tested By Families [Forbes]Forbes
- Feds urge against using select fire pits after 2… [USA TODAY]USA TODAY
- 8 items to help you store Christmas decorations [FOX News]FOX News
- Wayfair Inc. (NYSE: W) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Wayfair's major end-of-year sale furnishes every room for the holidays [CNN]CNN
W
Earnings
- 11/1/24 - Beat
W
Sec Filings
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/18/24 - Form 4
- W's page on the SEC website