|Bid||30.100 x 1100|
|Ask||30.150 x 800|
|Day's Range||29.550 - 31.050|
|52 Week Range||18.900 - 89.800|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||112.00|
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Friday.
Let's check out the Yahoo Finance charts of the day. Stich Fix (SFIX): Shares are up in early trade, at around 1.76%. SunTrust rated the personal styling company's stock as a "buy" in new coverage. They called Stich Fix a disruptor that is in position to gain more attention from investors. Overstock.com (OSTK): Shares up here, around 14.51%. News that Hong Kong private-equity firm GSR capital is buying shares in the online retailer, as well as investing in it blockchain subsidiary tZero. Dropbox (DBX): Shares down here, at around 8.95%. Dropbox beat estimates by 5 cents a share with adjusted quarterly profit of 11 cents per share, with the file storage company's revenue also topping forecasts. The company also announced on Thursday that chief operating officer, Dennis Woodside will be stepping down in September. For more on today's big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.
Partnership with GSR Capital and other strategic investors will provide Overstock the capital and market access needed to create a global market for tokenized securities. The structure of the transactions includes consideration consisting of tZERO security tokens, a minority interest in tZERO, and an equity investment in Overstock common shares off the company’s shelf. The term sheets also allow for other investors to participate on the same terms as GSR Capital, and the company is engaged with other potential partners who have expressed interest in participating. Overstock looks forward to closing these transactions in a timely manner, subject to customary closing conditions.
Overstock.com Inc. shares have forfeited almost 50 percent of their value this year, and nearly half of that plunge occurred in the last two days.
Buy, buy, buy! That’s likely what investors were thinking for Overstock (NASDAQ:OSTK) after the company reported earnings last week. Despite what many considered a mixed report, the market shrugged it off, with Overstock stock not only rallying, but surging.
e-Commerce retailer Overstock’s (OSTK) adjusted second-quarter EPS came in at -$2.14, compared with analysts’ projection of -$0.82. On a reported basis, the company’s EPS was -$2.20, a much wider loss compared than its EPS of -$0.29 reported in the second quarter of 2017.
Overstock (OSTK) reported its second-quarter results on August 9. The company’s revenues of $483.1 million easily topped the analysts’ consensus estimate of $474.2 million and grew 12% on a YoY (year-over-year) basis. The company has increased its advertising spending, which led to a growth in revenues.
On August 9, Overstock (OSTK) announced that Asia-based GSR Capital had agreed to invest ~$375.0 million in the e-commerce giant. GSR Capital would buy 3.1 million Overstock shares at a 5.0% discount to the closing price on August 1 for an ~$104.6 million investment. According to the agreement, GSR Capital expects to infuse ~$270.0 million in tZERO equity.
Hong Kong-based private equity firm GSR Capital recently announced that it will invest $270 million in a blockchain-based startup of Overstock.com (NASDAQ:OSTK) . A press release published by the American internet retailer confirmed that GSR Capital is planning to add around $30 million to its initial amount of investment in the ICO of tZero, a […] The post Hong Kong-based GSR Capital To Invest $270 Million In Blockchain Startup tZero appeared first on Market Exclusive.
After starting off higher on the day, U.S. indices had trouble maintaining altitude throughout the trading session. Worries over Turkey combined with a strong rally over the past six weeks is likely acting as a catalyst for profit taking. Let’s see if there are any opportunities for our top stock trades.Top Stock Trades for Tomorrow #1: Advanced Micro (AMD)
The e-commerce veteran posted some good news of its own, but share prices plunged anyway because of weakness in the cryptocurrency market.
Medici Ventures’ Barbados-based fintech portfolio company Bitt, Inc. announces it has signed a Memorandum of Understanding (MOU) with the Centrale Bank van Curaçao en Sint Maarten (CBCS) to explore the feasibility of the CBCS issuing a digital Curaçao and Sint Maarten guilder to facilitate digital financial payments within the monetary union of Curaçao and Sint Maarten.
Stocks that moved substantially or traded heavily Friday: Overstock.com Inc., up $3.05 to $41.65 The online discount retailer said a private equity firm is investing in its blockchain business. Citigroup ...
The cryptocurrency market finished another difficult week on a low note on Friday, with most major currencies trading down more than 2 percent on the day. Here’s a look at some of the headlines that were ...
The Hong Kong private equity firm’s investment of $1.5 billion equates to an 18 percent stake in tZero. "We are honored to have GSR Capital as a strategic investor," tZERO CEO Saum Noursalehi said in a statement, according to CNBC. "The tokenization of securities has the potential to disrupt global capital markets responsible for moving hundreds of trillions of dollars.
Private-equity firm GSR Capital is investing up to $270 million in Overstock.com’s ( OSTK) blockchain subsidiary tZero. Shares of the e-commerce retailer were up more than 20% in pre-market trade Friday.