Why Wayfair's Stock Is Trading Lower Today

Wayfair W shares are trading lower on Wednesday after getting a downgrade.

JPMorgan analyst Christopher Horvers downgraded the stock from Neutral to Underweight.

See Also: Wayfair A Beneficiary Of At-Home Trend, BofA Says In Upgrade

Wayfair is an e-commerce company that sells furniture and home-goods. Formerly known as CSN Stores, the company was founded in 2002.

Wayfair shares were trading down 5.77% at $73 on Wednesday. The stock has a 52-week high of $166.40 and a 52-week low of $21.70.