According to the chatter, analysts at JPMorgan see Wayfair's sales in the bottom half of 2016 being at risk.
Wayfair is one of the stocks that
Wayfair's stock hit an intra-day low of $31.55 and was recently trading around $31.96.
"First we would like to stress the obvious, which everyone except the company and the analysts will admit," Citron said in its short report last August. "Wayfair is Overstock, plain and simple. The only difference is that Overstock has
better brand recognition and higher traffic."
Citron added, "for longs, a challenge: Finish this sentence: Wayfair is the next __________________________???... Exactly."
Left reaffirmed his bearish stance on
"At $10 a share this is still a billion dollar company," he said. "There is nothing about this company that is even worth a billion dollars."
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