Overstock.com Inc. (OSTK) Sees Large Volume Increase
Overstock.com Inc. (NASDAQ:OSTK) shares saw an uptick in trading volume on Friday . 274,272 shares traded hands during mid-day trading, an increase of 211% from the previous session’s volume of 88,077 shares.The stock last traded at $16.36 and had previously closed at $16.19.
Separately, Maxim Group began coverage on Overstock.com in a research report on Thursday, May 26th. They issued a “buy” rating and a $20.00 price target on the stock.
The stock has a 50-day moving average of $16.52 and a 200-day moving average of $15.07. The firm has a market cap of $406.93 million and a P/E ratio of 30.42.
Overstock.com (NASDAQ:OSTK) last announced its earnings results on Thursday, August 4th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.15. On average, equities analysts forecast that Overstock.com Inc. will post ($0.11) earnings per share for the current fiscal year.
In other news, Director Samuel Appleton Mitchell sold 2,801 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $17.19, for a total transaction of $48,149.19. Following the transaction, the director now owns 35,934 shares of the company’s stock, valued at $617,705.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Stormy Simon purchased 70,000 shares of Overstock.com stock in a transaction dated Friday, July 15th. The shares were bought at an average cost of $16.96 per share, for a total transaction of $1,187,200.00. Following the transaction, the president now directly 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 filing with the SEC. The firm owned 118,566 shares of the company’s stock after buying an additional 58,418 shares during the period. Globeflex Capital L P owned 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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