Wayfair (NYSE:W) Stock Rating Lowered by StockNews.com
From MarketBeat:
StockNews.com downgraded Wayfair (W) from “hold” to “sell.” Several other research firms have also weighed in on the company, with varying ratings and price targets. Wayfair stock traded up 1.2% on Wednesday, reaching $56.40. The company last announced an EPS of ($1.38) and revenue of $2.94 billion. Insiders have sold over 62,000 shares worth $3,364,367 in the last 90 days. Institutional investors own 89.67% of the company’s stock, including Vanguard Group Inc. and Capital World Investors. Wayfair engages in e-commerce and provides millions of products for the home sector.
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