Why These 5 Stocks Are on the Move on Wednesday

2. Wayfair Inc. (NYSE:W) has lost 6% of its value as of 9:57 AM ET after the Boston, Massachusetts-based furniture and home goods e-commerce company was downgraded to a Sell rating by Laura Champine at Loop Capital. The analyst gave Wayfair Inc. (NYSE:W) stock a price target of $90, as opposed to $95 previously. The target price shows a potential downside of nearly 25% from the last closing price. Overall, 28 hedge funds held a stake in Wayfair Inc. (NYSE:W) with a combined value of $2.11 billion. Spruce House Investment Management is long over 4.8 million shares of Wayfair Inc. (NYSE:W) as of Q4 2021.