Why Overstock.com Inc. Stock Fell More Than 12% Today [The Motley Fool]
Overstock.com, Inc. (OSTK)
Last overstock.com, inc. earnings: 11/12 08:00 am
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Source: The Motley Fool
The e-commerce veteran posted some good news of its own, but share prices plunged anyway because of weakness in the cryptocurrency market. Anders Bylund ( TMFZahrim ) Aug 13, 2018 at 3:49PM What happened Shares of Overstock.com ( NASDAQ:OSTK ) fell as much as 12.8% lower on Monday. As of 3 p.m. EDT, the stock had stabilized at a slightly milder 12.5% decline. Several lesser-known cryptocurrencies saw their values dipping roughly 10% lower today, undermining the online retailer's blockchain-based business ambitions. So what At first blush, you could argue that Overstock's shares should be rising today. This morning, the company announced a shipping partnership with postage-printing specialist Stamps.com ( NASDAQ:STMP ) , adding an innovative boost to Overstock's e-commerce operations. A couple of hours later, Overstock's blockchain divis
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