Wayfair stock dropped 15.5% due to Fed's rate-cut forecast reduction, struggling post-pandemic

From Nasdaq: 2024-12-19 13:42:52

Wayfair (NYSE: W) stock took a hit this week, dropping 15.5% due to the Fed’s rate-cut forecast reduction. The company has struggled post-pandemic as the housing market remains weak. Wayfair reported a net loss of $74 million in Q3 with revenue down 2% to $2.9 billion. While profitable based on EBITDA, significant revenue growth may require macroeconomic support. Investors hoping for a housing recovery may need to be patient. In other news, experts are issuing “Double Down” alerts for potentially lucrative opportunities, highlighting past successes with companies like Nvidia, Apple, and Netflix.



Read more at Nasdaq: Why Wayfair Stock Was Slipping This Week