Overstock.com Inc. (OSTK) Sees Large Volume Increase
Overstock.com Inc. (NASDAQ:OSTK) 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 shares of Overstock.com in a report on Thursday, May 26th. They issued a “buy” rating and a $20.00 price target on the stock.
The firm has a market cap of $406.93 million and a PE ratio of 30.42. The company’s 50-day moving average is $16.52 and its 200-day moving average is $15.07.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.15. Equities research analysts expect that Overstock.com Inc. will post ($0.11) EPS for the current fiscal year.
In related news, President Stormy Simon acquired 70,000 shares of the business’s stock in a transaction on Friday, July 15th. The shares were purchased at an average price of $16.96 per share, for a total transaction of $1,187,200.00. Following the acquisition, the president now owns 147,417 shares in the company, valued at $2,500,192.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Samuel Appleton Mitchell sold 2,801 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $17.19, for a total value of $48,149.19. Following the sale, the director now owns 35,934 shares in the company, valued at approximately $617,705.46. The disclosure for this sale 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 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.
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