Overstock.com Inc. (OSTK) Sees Unusually-High Trading Volume
Overstock.com Inc. (NASDAQ:OSTK) shares saw an uptick in trading volume on Thursday . 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 assumed coverage on shares of Overstock.com in a research report on Thursday, May 26th. They set a “buy” rating and a $20.00 price objective for the company.
The company’s 50 day moving average price is $16.73 and its 200 day moving average price is $14.72. The firm has a market capitalization of $425.68 million and a price-to-earnings ratio of 31.82.
Overstock.com (NASDAQ:OSTK) last issued its earnings results on Tuesday, May 3rd. The company reported $0.53 EPS for the quarter. The company had revenue of $413.70 million for the quarter, compared to analysts’ expectations of $398.30 million. On average, equities analysts anticipate that Overstock.com Inc. will post $0.61 EPS for the current fiscal year.
In other news, Director Samuel Appleton Mitchell sold 2,801 shares of Overstock.com stock in a transaction on Monday, June 13th. The stock was sold at an average price of $17.19, for a total transaction of $48,149.19. Following the completion of the transaction, the director now owns 35,934 shares of the company’s stock, valued at approximately $617,705.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Stormy Simon purchased 70,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were purchased at an average cost of $16.96 per share, with a total value of $1,187,200.00. Following the purchase, the president now directly owns 147,417 shares in the company, valued at $2,500,192.32. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Overstock.com stock. Globeflex Capital L P boosted 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 Securities and Exchange Commission. 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 about 0.47% of Overstock.com worth $1,456,000 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.