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Why Stamps.com Stock Dropped 11% Today

TheMotleyFool

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Yowza -- coronavirus sure did a number on the stock markets today. By the close of trading Monday, the Dow was down 3.6%, the Nasdaq 3.7%, and the broader S&P 500 3.4%.

Stocks with no bad news to report -- Stamps.com (NASDAQ: STMP), for example -- got hit as hard as any others, and harder than most. In fact, enduring a 10.8% drop in share price, Stamps' loss was nearly three times as bad as the Nasdaq's at large.

Image source: Getty Images.

Source Fool.com

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