Stocks to Watch on Thursday: Top 5 Losers

3. Wayfair Inc. (NYSE:W) is down 1% as of 12:28 PM ET after the Boston, Massachusetts-based e-commerce company was downgraded from an Equal Weight to an Underweight rating by Zachary Fadem at Wells Fargo. Meanwhile, the price target on Wayfair Inc. (NYSE:W) was revised from $110 to $100. The analyst is getting more cautious about Wayfair Inc. (NYSE:W) stock due to sensitivities related to the macroeconomic impact on big-ticket and housing items related retailers.

 At the end of Q4 2021, Wayfair Inc. (NYSE:W) was held by 28 hedge funds, down from 31 in the preceding quarter.