Overstock.com Inc. (OSTK) Sees Unusually-High Trading Volume
Overstock.com Inc. (NASDAQ:OSTK) shares saw unusually-high trading volume on Thursday . Approximately 94,694 shares changed hands during trading, an increase of 11% from the previous session’s volume of 85,657 shares.The stock last traded at $16.90 and had previously closed at $16.83.
Separately, Maxim Group began coverage on shares of Overstock.com in a research note on Thursday, May 26th. They issued a “buy” rating and a $20.00 price target on the stock.
The company has a market cap of $425.43 million and a PE ratio of 31.80. The stock’s 50 day moving average price is $16.76 and its 200-day moving average price is $14.69.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.53 earnings per share for the quarter. The firm earned $413.70 million during the quarter, compared to analysts’ expectations of $398.30 million. Equities analysts expect that Overstock.com Inc. will post $0.61 earnings per share for the current fiscal year.
In other Overstock.com news, Director Samuel Appleton Mitchell sold 2,801 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The stock was sold at an average price of $17.19, for a total value of $48,149.19. Following the completion of the sale, the director now owns 35,934 shares in the company, valued at $617,705.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Stormy Simon acquired 70,000 shares of Overstock.com stock in a transaction on Friday, July 15th. The stock was purchased at an average price of $16.96 per share, with a total value of $1,187,200.00. Following the purchase, the president now owns 147,417 shares of the company’s stock, valued at approximately $2,500,192.32. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Overstock.com stock. Globeflex Capital L P increased its stake in Overstock.com Inc. (NASDAQ:OSTK) by 97.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,566 shares of the company’s stock after buying an additional 58,418 shares during the period. Globeflex Capital L P owned approximately 0.47% of Overstock.com worth $1,456,000 at the end of the most recent reporting period.
Overstock.com, Inc is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business.
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