Wayfair Inc (W)

Shares of Wayfair Inc. (W) dropped by 5.89% from $50.27 to $47.31 in the trading on Friday, October 13, 2023. The reasons why W stock down include:

• Restart of Student Loan Repayments: The resumption of student loan repayments, which had been paused during the COVID-19 pandemic, created financial pressures for many individuals. This development likely affected consumer spending patterns.
• Impact on Consumer Spending: Approximately 40% of people with student loans anticipate reducing their spending due to the burden of loan repayments. This reduction in discretionary spending can have a ripple effect on companies like Wayfair, which rely on consumer discretionary spending.
• Vulnerability of Discretionary Retailers: Discretionary retailers, including Wayfair, are particularly susceptible to changes in consumer spending habits. The expectation of reduced spending by those with student loans may have raised concerns among investors about the company's financial outlook.

Wayfair Inc. (W) dropped by 6.34% from $57.09 to $53.47 in the trading on Monday October 9, 2023. The reasons why stock W down today includes:

• Lower price target: Seth Basham maintained an Outperform rating for Wayfair, while reducing the price target from $100 to $80.
• Macro challenges: The stock has lost around 24% since mid-August due to concerns around macro headwinds and higher interest rates.

Shares of Wayfair Inc. Class A (W) dropped by 5.30% from $58.13 to $55.05 in the trading on Thursday October 5, 2023. The reason why stock W is down today is due to insider selling. On October 3, Wayfair Inc.'s Chief Technology Officer, Fiona Tan, sold 14,143 company shares. This is part of a larger trend of insider selling, with 70,044 shares sold over the past year and no purchases. In the last year, there have been 58 insider sells and no buys, indicating potential concerns about the company's future and contributing to the decline in Wayfair (W) stock price.

Shares of online home goods retailer Wayfair (W) dropped by 8.94% from $62.50 to $59.61 in the trading on Tuesday October 3, 2023. The reasons why stock W is down today includes:

• Broad market sell-off: Stocks tumbled across the major indices in response to rising yields. The 10-year Treasury yield rose to 4.75%, the highest since 2007.
• Concerns about Q3 earnings season: Investors seemed to position themselves conservatively ahead of the Q3 earnings season and price in a lower level of consumer spending than anticipated, which cause W stock down today
• Decrease in share position: Xponance Inc. lessened its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 27.4% during the second quarter.

In Monday's trading, Wayfair (W) shares dipped by 10.46% to$63.57, following Loop Capital's decision to lower its price target for the online home furnishings retailer from $65 to $60.

https://www.tradingview.com/news/mtnewswires.com:20230918:A2987085:0-wayfair-shares-fall-after-price-target-cut-at-loop-capital/

Wayfair Inc. shares dropped 9.93% to $57.51 because of several insiders' decision to dump shares as soon as they became available to sell. Chief Commercial Officer Steve Oblak, Chief Operating Officer Thomas Netzer, Chief Financial Officer Kate Gulliver, and Chief Technology Officer Fiona Tan collectively sold 85,223 shares -- about $5.5 million worth of Wayfair stock -- on Wednesday, according to the U.S. Securities and Exchange Commission (SEC) filings.

https://www.fool.com/investing/2023/07/06/why-wayfair-shares-tanked-today/

W's stock fell 6.53% because Wayfair is fighting against slumping demand for its products and the long-term picture for Wayfair doesn't look particularly bright. With revenue tumbling and customers abandoning the retailer, the bottom line is falling off a cliff. Revenue slumped 7.3% year over year in the first quarter to $2.8 billion, and the company posted a net loss of $355 million. Free cash flow was a loss of $234 million. Management is another. The company and CEO Niraj Shah have made producing positive adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, a key goal of the turnaround effort. That's a big red flag for investors.

https://www.fool.com/investing/2023/07/02/1-beaten-down-stock-to-buy-and-1-to-avoid/

W's stock fell 8.55% because they isn't consistently profitable and is shedding customers. Since indexes started moving lower in early 2022, the e-commerce specialist has shed nearly 80% of its market capitalization. Wayfair had been a nearly $20 billion business at the pandemic peak and is now valued at less than $5 billion. Wayfair posted a $1.3 billion net loss in fiscal 2022, and it burned through $670 million of operating cash compared to positive cash flow of $410 million in the prior year. The company began fiscal 2023 with more losses on both scores.

https://www.fool.com/investing/2023/05/16/3-things-about-wayfair-that-smart-investors-know/