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Why Overstock Shares Dove This Week

TheMotleyFool

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Overstock (NASDAQ: OSTK) shareholders lost ground to a declining market this week as the stock fell 8% through Thursday trading compared to a 2% slump in the S&P 500, according to data provided by S&P Global Market Intelligence. The drop pushed the e-commerce retailer further into negative territory for the year, down about 50% since the start of 2022.

It was sparked by increasing fears on Wall Street about a tough selling environment ahead for the home furnishings retailer.

Image source: Getty Images.

Source Fool.com

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