Overstock stock suffers worst two-day decline ever after CEO’s Russia-conspiracy story (Marketwatch)

overstock.com Inc. shares completed their worst two-day decline on record Wednesday, after Chief Executive Patrick Byrne claimed to have worked with the Federal Bureau of Investigation on a “political espionage” case involving Russia, Hillary Clinton and Donald Trump.

Overstock’s OSTK, -22.40% stock declined 22.4% Wednesday, the worst single-day percentage decline since 2014, after dropping 17.6% Tuesday. Combined, shares fell 41% in the two trading sessions, which FactSet data shows is the biggest drop since the online retailer went public in 2002.

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