Exclusive: Is Overstock.com, Inc.’s Fuel For Real? The Stock Just Increased Again

Exclusive: Is Overstock.com, Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of Overstock.com, Inc. (NASDAQ:OSTK) is a huge mover today! About 83,105 shares traded hands or 96.74% up from the average. Overstock.com, Inc. (NASDAQ:OSTK) has declined 11.19% since April 4, 2016 and is downtrending. It has underperformed by 12.28% the S&P500.
The move comes after 7 months positive chart setup for the $406.22 million company. It was reported on Nov, 4 by Barchart.com. We have $42.82 PT which if reached, will make NASDAQ:OSTK worth $694.64 million more.

Analysts await Overstock.com, Inc. (NASDAQ:OSTK) to report earnings on November, 14.

According to Zacks Investment Research, “Overstock.com, Inc. is an online closeout retailer offering discount, brand-name merchandise for sale over the Internet. Their merchandise offerings include bed-and-bath goods, kitchenware, watches, jewelry, electronics, sporting goods and designer accessories.”

Insitutional Activity: The institutional sentiment increased to 1.81 in Q2 2016. Its up 0.62, from 1.19 in 2016Q1. The ratio improved, as 7 funds sold all Overstock.com, Inc. shares owned while 19 reduced positions. 13 funds bought stakes while 34 increased positions. They now own 10.33 million shares or 0.09% less from 10.34 million shares in 2016Q1.
Connor Clark And Lunn Invest last reported 60,900 shares in the company. Gsa Cap Partners Llp reported 11,652 shares or 0.01% of all its holdings. Parametric Portfolio Llc has 0% invested in the company for 15,681 shares. American Group holds 0% or 7,604 shares in its portfolio. Goldman Sachs Grp last reported 8,901 shares in the company. Moreover, Partnervest Advisory Svcs Limited Liability has 0.22% invested in Overstock.com, Inc. (NASDAQ:OSTK) for 28,200 shares. Renaissance Tech Ltd Liability Corp has 742,000 shares for 0.02% of their US portfolio. The Minnesota-based Walleye Trading Lc has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Moreover, Acadian Asset Mgmt Ltd has 0.02% invested in Overstock.com, Inc. (NASDAQ:OSTK) for 280,594 shares. State Board Of Administration Of Florida Retirement Sys accumulated 15,166 shares or 0% of the stock. J Goldman And L P last reported 191,800 shares in the company. Moreover, Vertex One Asset Management has 0.29% invested in Overstock.com, Inc. (NASDAQ:OSTK) for 112,570 shares. Eqis Cap Mgmt holds 0.02% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK) for 16,366 shares. Natl Bank Of New York Mellon Corporation accumulated 68,576 shares or 0% of the stock. Schwab Charles Invest Inc last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 13, 2016, the stock had 1 buying transaction, and 5 insider sales for $154,348 net activity. BYRNE PATRICK MICHAEL had sold 70,000 shares worth $1.19 million on Friday, July 15. Shares for $56,000 were sold by Popelka Brian L. on Friday, August 12. Lee Carter Paul had sold 2,987 shares worth $45,767. $48,149 worth of Overstock.com, Inc. (NASDAQ:OSTK) shares were sold by MITCHELL SAMUEL APPLETON. $4,432 worth of Overstock.com, Inc. (NASDAQ:OSTK) shares were sold by JOHNSON JONATHAN E III. 70,000 shares were bought by Simon Stormy, worth $1.19 million.

More notable recent Overstock.com, Inc. (NASDAQ:OSTK) news were published by: Fool.com which released: “Better Buy: eBay Inc vs. Overstock.com, Inc.” on November 03, 2016, also Streetinsider.com with their article: “Form FWP OVERSTOCK.COM, INC Filed by: OVERSTOCK.COM, INC” published on November 04, 2016, Valuewalk.com published: “Overstock.com, Inc. (OSTK) – Non-GAAP Metric Ignores Economic Reality” on October 31, 2016. More interesting news about Overstock.com, Inc. (NASDAQ:OSTK) were released by: Globenewswire.com and their article: “Overstock.com Announces Source Capital as Dealer-Manager for Rights Offering” published on November 03, 2016 as well as Globenewswire.com‘s news article titled: “Overstock.com Scheduled to Release Q3 2016 Financial Results on November 3, 2016” with publication date: October 31, 2016.

OSTK Company Profile

Overstock.com, Inc., incorporated on February 27, 2002, 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 Firm operates through two divisions: direct business and partner business. The Firm also sells books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games under books, movies, music and games (BMMG) category. Overstock sells these products through its Internet Websites located at www.overstock.com, www.o.co and www.o.biz. The Firm offers approximately 877,000 non-BMMG products and 1.1 million BMMG products. The Company’s Website Shopping section is organized into product and service lines or featured categories, including for the home, furniture, bed & bath, women, men, jewelry, watches, health & beauty, electronics, worldstock, sports & outdoors, craft & sewing, luggage & bags, baby, kids, toys & hobbies, books movies music games, office, pet supplier, liquidations, farmers market, as seen on TV, emergency preparedness, food & gifts, main street revolution, pet adoption, and sales.

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