Jefferies downgrades Wayfair, says be wary of an air pocket for the stock

Published Wed, Oct 13 20216:35 AM EDTUpdated Wed, Oct 13 20219:11 AM EDT

Traders wait for the Wayfair IPO on the floor of the New York Stock Exchange October 2, 2014.

Lucas Jackson | Reuters

The recent slide for Wayfair's stock appears unlikely to reverse any time soon, according to investment firm Jefferies.

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