Here's Why Wayfair Stock Plunged 38% Last Month

Here's Why Wayfair Stock Plunged 38% Last Month

Shares of furniture e-commerce company Wayfair (NYSE: W) plunged 38.2% in September, according to data provided by S&P Global Market Intelligence. Wayfair stock moved little during the first week of September. For perspective, the company issued convertible notes in 2017, 2018, 2019, and 2020 with rates ranging from 0.375% to 1.125%.