|Bid||18.74 x 800|
|Ask||18.75 x 900|
|Day's Range||17.27 - 18.99|
|52 Week Range||16.38 - 89.80|
|Beta (3Y Monthly)||2.35|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||93.50|
After a 265.1% gain in its stock price in 2017, the stock has lost 72.8% of its value in 2018 as of December 7. The dismal performance of the company’s retail division has kept investors worried—along with the ebbing bitcoin craze. Higher expenses are leading to muted profitability and bottom-line performance.
Medici Ventures has 10 percent ownership in the company, with an option to further its acquisition for an additional 10 percent at a later date. The blockchain-based financial settlement system allows grain producers, buyers and sellers to create smart contracts to secure funds throughout the grain transaction process. "We are making the grain transaction extremely efficient, transparent, safe and secure, and we're giving not only the farmers but also the buyers a safe marketplace to do business in," said GrainChain co-founder and CEO Luis Macias.
If CEO Jack Dorsey was granted one do-over, though, it might be a rethink of the year-ago decision to offer bitcoin trading via its app. The cryptocurrency is currently down more than 75% from its December-2017 peak, with a big swath of that loss being suffered since early November — just when it looked like the digital currency was going to stabilize. Overstock CEO Patrick Byrne has been a proponent (and investor) of bitcoin as far back as 2014, when it became another payment option at Overstock.com.
As a CEO, what would you do if the core business of your company began to appear in the "Dog" quadrant of the BCG Matrix? It is time for some tough decision making, and that is exactly what the Overstock (OSTK) CEO Patrick Byrne has done in the previous week when he announced that the retail business of Overstock is expected to be sold by February 2019. The company, a Utah-based online retailer of furniture, housewares, jewelry, watches and home decor, has over 20 million visitors on its platform each month but has been facing problems with increasing losses and declining growth.
NEW YORK, Nov. 28, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Ryan McQueeney discusses the history and future of Overstock.com (OSTK), a former pioneer of the e-commerce industry that is poised to abandon its core business and double down on blockchain technology.
Stocks are roaring higher on Cyber Monday, as strong online sales are buoying bulls’ hope for a year-end rally. Let’s take a look at our top stock trades for Tuesday. The leader in e-commerce continues to grow its share of the pie, as online sales continue to maintain strong momentum.
According to a Wall Street Journal report, Overstock CEO Patrick Byrne has set February 2019 as the deadline to sell the company’s retail division. For some time now, Overstock has been looking to sell the unit to fund its blockchain initiatives through tZERO and Medici Ventures. The company has been improving its retail operations to make it attractive to buyers.
This Week in the US Economy Not all that much happening this week but what is happening could be quite important. On Tuesday we have the Case Shiller 20 real estate index. The key index and a barometer for the housing market as a whole has been rising at the slowest rate since the last […] The post Market Morning: EU Signs Brexit Divorce, Black Friday Jitters, Overstock Bullish On Blockchain appeared first on Market Exclusive.
NEW YORK, NY / ACCESSWIRE / November 26, 2018 / Overstock was on fire in Friday trading as Wall Street learned that the company’s CEO is planning to sell the company’s retail business in the next few months to focus more on its blockchain endeavors. Shares of Amazon were little changed on mediocre volume on Friday with no big news to report, although there were as a walkout in Europe as some workers protested against the company’s unfair work conditions. The stock may have been exploding on news that the company's CEO Patrick Byrne is planning to sell Overstock's retail business as he bets big on blockchain.
In August 2015, Overstock.com Inc. Chief Executive Patrick Byrne rented out Nasdaq Inc.’s Times Square broadcast studio for a lavish party to unveil his newest project, a blockchain-based trading system called tZero. Three years later, tZero still hasn’t launched commercially, and it is burning through millions of dollars a month. “I don’t care whether tZero is losing $2 million a month,” Mr. Byrne said in an interview.
Stocks that moved substantially or traded heavily Friday: Rockwell Collins Inc., up $11.86 to $141.54 Chinese regulators have conditionally approved the sale of the maker of communications and aviation ...
Patrick Byrne is among blockchain’s true believers. He is so sure that he’s planning to sell Overstock’s retail business, which he launched two decades ago to sell surplus goods on the internet. He declined to name potential suitors, but expects to wrap up a deal by February.
CEO Patrick Byrne expects to sell off the company's e-commerce business as early as February, pivoting hard into blockchain technologies.
The company is planning to put its core online retail business on the block, The Wall Street Journal reported Friday, quoting CEO Patrick Byrne. The company had launched Medici Ventures as its wholly owned subsidiary in 2014 with the objective of advancing blockchain technology.
After dabbling in blockchain with various subsidiaries, the 2-decade-old e-commerce business is going all in on the technology by early next year. CEO Patrick Byrne plans to sell the retail arm of Overstock by February, The Wall Street Journal reports. "We think we've got cold fusion on the blockchain side," he says.
The head of George Soros's philanthropic foundation called for oversight of Facebook by lawmakers, following revelations that it had hired an opposition research firm to scrutinize the billionaire investor. Patrick Gaspard made his feelings known in a tweet, in which he accused Facebook of targeting Soros because he criticized the company's business model. Rockwell Collins COL – China regulators have given conditional approval for the buyout of the aviation systems company by United Technologies UTX .
A look at the shareholders of Overstockcom Inc (NASDAQ:OSTK) can tell us which group is most powerful. Insiders often own a large chunk of younger, smaller, companies while huge companies Read More...
The price of Cryptocurrencies has stabilized since early September, and the decreased volatility has resulted in less volume in their respective markets. Further, with the price of Bitcoin stagnant in the low $6,000.00's per coin, mining for it and other crypto's has been on a decline for most of 2018. Intercontinental Exchange (ICE) recently announced that this month it will launch a startup called Bakkt whose single aim will be to create a federally regulated market for Bitcoin.
SALT LAKE CITY, Nov. 12, 2018 -- Overstock.com, Inc. (NASDAQ:OSTK) announces that its Board of Directors has declared a regular annual cash dividend for 2018 of $0.16 per share.