Why Overstock.com Stock Was Slammed Monday
Shares of e-commerce and blockchain company Overstock.com (NASDAQ: OSTK) were hit hard on Monday, falling about 15% as of 12:50 p.m. EDT.
The stock's slide follows news that Overstock CFO Greg Iverson has resigned and that management revised its profitability outlook lower. This news comes about a month after founder and CEO Patrick Byrne resigned from the company following a press release in which he confirmed he was a part of some high-profile FBI probes involving Russia and Hilary Clinton.
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Source Fool.com
