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Why Overstock Dropped 8% Today

TheMotleyFool

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Shares of Overstock.com (NASDAQ: OSTK) dropped as much as 17% today but recouped some of the losses, and are down 8% as of today's market close. The shares are down 30% just this week.

Image source: Getty Images.

The share price of the home-furnishings online retailer has soared this year. By mid-August, the shares had gained over 1300% as the COVID-19 pandemic boosted both online retailing and the home-improvements sectors. Shares have still gained 850% year to date after today's drop.

Source Fool.com

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