Here's Why Wayfair Stock Dropped Nearly 15% in October
Shares of Wayfair (NYSE: W) dropped 14.8% in October, according to data from S&P Global Market Intelligence. For perspective, the stock is up over 200% year to date and up 1,000% since lows hit in March. Considering these stellar gains, investors and analysts alike let fears creep in during the otherwise quiet month -- fears that have already been replaced with excitement for the company's third-quarter results.
Analysts slightly soured on Wayfair stock in October. For example, one analyst with Gordon Haskett previously called Wayfair a buy but lowered expectations a little because of "near-term headwinds," according to The Fly.
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Source Fool.com
