Why Wayfair Stock Tumbled Today
Shares of Wayfair (NYSE: W) were heading lower today after the stock got dinged by an analyst downgrade and slid in tandem with the tech sell-off now in its second day. The online home furnishings seller had been one of the biggest winners on the market this year, so perhaps it's not surprising to see a pullback after the stock gained as much as 1,500% from its March bottom.
As of 10:51 a.m. EDT, the stock was down 14%.
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Source Fool.com
