Shares of Overstock.com traded as much as 19% lower on Monday after the company announced the resignation of its chief financial officer and issued a warning that full-year retail earnings could miss previously set targets. Robert Hughes, who spent nine years working in senior management roles at Overstock, will step-in as acting CFO. Greg Iverson resigned from the role on September 17.
Shares of Overstock.com traded as much as 19% lower on Monday after the company announced the resignation of its chief financial officer and issued a warning that full-year retail earnings could miss previously set targets. Robert Hughes, who spent nine years working in senior management roles at Overstock, will step-in as acting CFO. Greg Iverson resigned from the role on September 17.
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