Why Wayfair Stock Was Slipping This Week
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Wayfair's stock fell 15.5% this week, impacted by the Fed's reduced rate-cut forecast, which particularly affected interest-rate-sensitive stocks. The company has struggled post-pandemic due to a weak housing market, leading to a 9.9% drop in one day. Wayfair reported a net loss in Q3 and a 2% revenue decline, raising concerns about its profitability. Although it is focusing on improving adjusted EBITDA and has implemented cost-cutting measures, significant revenue growth seems unlikely without favorable macroeconomic conditions.
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