Why Wayfair Stock Plunged Today
Shares of Wayfair (NYSE: W) were tumbling today after the online home goods retailer reported a wider loss than expected in its fourth-quarter earnings report and issued weak first-quarter guidance, saying that it had experienced some supply chain disruptions from the coronavirus.
As a result, the growth stock was down 16.9% as of 11:21 a.m. EST, after falling as much as 25.2% earlier in the morning.
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Source Fool.com
