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Why Overstock Shares Dove This Week

·2 min read
Why Overstock Shares Dove This Week

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. Overstock saw a 26% decline in active customers, plunging order values, and declining order counts per customers. While each of these metrics had been elevated last year by pandemic-related shopping behavior changes, it was still jarring to see Overstock endure a 33% decrease in order volumes through late March.