The stock of Overstock.com, Inc. (NASDAQ:OSTK) hit a new 52-week high and has $19.31 target or 8.00% above today’s $17.88 share price. The 8 months bullish chart indicates low risk for the $464.08 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $19.31 price target is reached, the company will be worth $37.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 46,904 shares traded hands. Overstock.com, Inc. (NASDAQ:OSTK) has risen 17.78% since April 25, 2016 and is uptrending. It has outperformed by 11.77% the S&P500.
Analysts await Overstock.com, Inc. (NASDAQ:OSTK) to report earnings on February, 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 1.91 in 2016 Q2. Its up 0.10, from 1.81 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.
Blackrock Advsr Ltd Liability Company last reported 0% of its portfolio in the stock. Manufacturers Life Ins The has 9,866 shares for 0% of their US portfolio. Oaktop Cap Management Ii Limited Partnership has invested 0.1% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). The British Columbia – Canada-based Connor Clark Lunn Invest Mngmt Ltd has invested 0.01% in Overstock.com, Inc. (NASDAQ:OSTK). Invesco Ltd reported 38,822 shares or 0% of all its holdings. Weaver C Barksdale & Associate holds 134 shares or 0% of its portfolio. Fairfax Hldgs Ltd Can reported 3.18M shares or 3.36% of all its holdings. Gmt Cap last reported 48,800 shares in the company. Tfs Cap has invested 0.16% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). California Public Employees Retirement Sys last reported 0% of its portfolio in the stock. Lee Danner Bass last reported 1.02% of its portfolio in the stock. Nationwide Fund Advsr accumulated 8,550 shares or 0% of the stock. Dimensional Fund Advsr L P holds 0% or 394,386 shares in its portfolio. Blackrock Fund Advisors has 0% invested in the company for 344,232 shares. Bancshares Of Montreal Can has 600 shares for 0% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 1 buying transaction, and 7 sales for $190,427 net activity. Popelka Brian L. had sold 1,500 shares worth $26,437. $1.19 million worth of Overstock.com, Inc. (NASDAQ:OSTK) was bought by Simon Stormy. Shares for $4,432 were sold by JOHNSON JONATHAN E III. $9,642 worth of Overstock.com, Inc. (NASDAQ:OSTK) was sold by Malaszenko Natalie. Another trade for 70,000 shares valued at $1.19 million was sold by BYRNE PATRICK MICHAEL. MITCHELL SAMUEL APPLETON sold $48,149 worth of stock. Lee Carter Paul sold $45,767 worth of Overstock.com, Inc. (NASDAQ:OSTK) on Friday, September 2.
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 Fool.com with their article: “Better Buy: eBay Inc. vs. Overstock.com” published on July 14, 2016, Globenewswire.com published: “Overstock.com Announces Rights Offering Including Blockchain Shares on t0 Platform” on October 25, 2016. More interesting news about Overstock.com, Inc. (NASDAQ:OSTK) were released by: Globenewswire.com and their article: “Overstock.com to Hold Investor Education Session on November 29, 2016” published on November 22, 2016 as well as Valuewalk.com‘s news article titled: “Overstock.com, Inc. (OSTK) – Non-GAAP Metric Ignores Economic Reality” 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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