What happened

Yowza -- coronavirus sure did a number on the stock markets today. By the close of trading Monday, the Dow was down 3.6%, the Nasdaq 3.7%, and the broader S&P 500 3.4%.

Stocks with no bad news to report -- Stamps.com (NASDAQ:STMP), for example -- got hit as hard as any others, and harder than most. In fact, enduring a 10.8% drop in share price, Stamps' loss was nearly three times as bad as the Nasdaq's at large.

Stock chart goes up and then comes back down

Image source: Getty Images.

So what

And that's OK.

There was, after all, no bad news released Monday that was particular to Stamps.com -- "just" bad news for stocks in general, and for the global economy in general.

After the sell-off, this parcel shipping company is still sitting pretty atop a Q4 earnings report that was much better than expected. It still has its partnership with UPS intact. It is also "continuing to promote the [post office's] services under ... partnerships with the [latter's] resellers." And all of this business is going well enough that Stamps.com still expects to earn between $4 and $5 per share this year -- well above the $3.23 per share Wall Street had been expecting.  

Now what

None of the above has changed. What has changed is that after surging 65.5% on Thursday, and 10.4% more Friday, today Stamps.com gave back Friday's gains, and a bit of Thursday's.

That still leaves Stamps.com stock worth an astounding 63% more that it cost before earnings came out three days ago. And that's still something its shareholders can be happy about.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.