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Overstock.com, Inc. (OSTK)
After hours:
- Motley Fool
Why Macy's, Ulta Beauty, and Overstock.com Plummeted This Week
Shares of retailers Macy's (NYSE: M), Ulta Beauty (NASDAQ: ULTA), and Overstock.com (NASDAQ: OSTK) fell hard this week, down 18.4%, 15.5%, and 16.5% on the week, respectively, as of 1:38 p.m. ET today. None of these three stocks reported significant company-specific news this week, but bad earnings reports and outlooks from big-box retail bellwethers Walmart and Target decimated any and all retail names, these three included. This week, Walmart and Target both reported so-so revenue growth, but plummeting operating margins spooked investors.
- Motley Fool
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.
- Zacks
Overstock.com (OSTK) Q1 Earnings Miss Mark, Revenues Down Y/Y
Overstock.com's (OSTK) first-quarter 2022 results suffer from weakness in the home-furnishing market despite an expanding mobile clientele.
