|Bid||37.15 x 100|
|Ask||38.00 x 700|
|Day's Range||35.00 - 38.19|
|52 Week Range||13.05 - 38.19|
|PE Ratio (TTM)||-73.08|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
On Tuesday, shares of e-commerce company Overtsock.com (OSTK) are popping, up about 15% in afternoon trading. The stock, having hit a new 52-week-high today of $34.60 per share, is still feeling the positive effects of a new investment from short-seller Marc Cohodes.
Speculation in digital currency bitcoin is apparently spilling over into an obscure e-commerce stock, Overstock.com.
Bitcoin prices have headed back toward highs above $4,900 since Oct. 5, trading at near $4,300 as fear of a China crackdown receded and big banks indicated they want in on the action. Bitcoin traders, however, have a love-hate relationship with the banks. It was a tweet by Goldman Sachs Group Inc (NYSE:GS) CEO Lloyd Blankfein that led to the latest speculative run-up.
The outspoken short seller Marc Cohodes urged the audience at a New York investment conference today to buy the stock of a company that once sued him and other short sellers. At the Plaza Hotel gathering hosted by Grant’s Interest Rate Observer, a newsletter popular among skeptically-minded investors, Cohodes extolled the online closeout retailer Overstock.com. Cohodes conceded the irony in his recommending Overstock (OSTK), showing the Grant’s audience a photo of himself smiling with Overstock founder and chief exec Patrick Byrne, who Cohodes called a “former enemy turned friend.” In 2005, Overstock filed a $750 million libel suit in a California state court against a hedge fund that Cohodes had run.
If you are looking to invest in Overstockcom Inc’s (NASDAQ:OSTK), or currently own the stock, then you need to understand its beta in order to understand how it can affectRead More...
E-commerce giant Overstock.com offers the first SEC-compliant ICO exchange. It's a far cry from their origins of selling unwanted furniture.
Categories: Yahoo FinanceOverstock.com, Inc. relative valuation is OVERVALUED and it has a fundamental analysis score of 59. Our analysis is based on comparing Overstock.com, Inc. with the following peers – Amazon.com, Inc., EVINE Live Inc. Class A, Gaia, Inc. Class A, eBay Inc., Gordmans Stores, Inc., Sears Holdings Corporation, Target Corporation, Ross Stores, Inc., TJX Companies Inc ... Read more (Read more...)
Shares of retailer Overstock.com surged Wednesday after news its subsidiary is joining the business of trading digital coins.
The Internet retailer-owned subsidiary tZERO unveiled today that it has plans to roll out an alternative trading system as part of a partnership with RenGen and Argon Group. The system will be able to transform the trading of ICO security tokens while meeting regulations from the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Inc. The move marks yet another attempt at alternative investing measures for a cryptocurrency not regulated by the U.S. government.
Overstock.com, Inc. (NASDAQ: OSTK ) is largely overlooked by Wall Street, but that doesn’t mean it’s escaped notice from anyone else. “It’s a very good fit for a number of traditional brick-and-mortar ...
Here's how the biggest companies deal with bitcoin risk — avoid it for now. Except for one, which has doubled down.
Bitcoin has recently come under fire from JPMorgan CEO Jamie Dimon, who critiqued the cryptocurrency as “worse than tulip bulbs.” He further emphasized his disdain stating that “it won’t end well. Now, you might be wondering what’s the root cause of the hesitation with this and other cryptocurrencies. Although it has been around since 2009, a little over a year ago, most investors had never even heard of Bitcoin … a 100% digital alternative to government-issued money.