If You Own Wayfair Stock, It's Time To Sell
2020 has been a rough year for a lot of stocks. From the market peak in late February to the market trough in late March, the arrival of COVID-19 subtracted 35% from the value of the S&P 500. Few stocks were hit as hard as online furniture store Wayfair (NYSE: W), which lost more than twice as much as the S&P.
There's good news too, though. After falling 71% from February to March, Wayfair stock bounced in a big way on March 19, and it hasn't looked back since. Over the past couple of months, Wayfair shares returned an astounding 586% profit off of its lows.
Now it's time to sell, and collect those winnings.
Source Fool.com
