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Why Overstock.com Stock Fell Sharply Tuesday

TheMotleyFool

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Why Overstock.com Stock Fell Sharply Tuesday

Shares of Overstock.com (NASDAQ: OSTK) took a hit on Tuesday, following the company's third-quarter results. The stock was down 14.7% as of 11:10 a.m. EST.

Investors were likely disappointed with the company's worse-than-expected top- and bottom-line results for the period. Further, news that the SEC subpoenaed Overstock for certain documents is likely weighing on sentiment for shares.

Image source: Getty Images.

Source Fool.com

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