A Reversal for Overstock.com, Inc. (OSTK) Is Not Near. The Stock Rises Again

February 15, 2018 - By Peter Erickson

Investors sentiment increased to 1.77 in 2017 Q3. Its up 0.35, from 1.42 in 2017Q2. It is positive, as 13 investors sold Overstock.com, Inc. shares while 18 reduced holdings. 26 funds opened positions while 29 raised stakes. 11.11 million shares or 5.86% more from 10.49 million shares in 2017Q2 were reported.
Citadel Advsr Lc has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 1,638 shares or 0% of all its holdings. Tiaa Cref Invest Management Lc, New York-based fund reported 120,662 shares. The Connecticut-based Matarin Cap Ltd Liability Com has invested 0.3% in Overstock.com, Inc. (NASDAQ:OSTK). Susquehanna Limited Liability Partnership holds 0% or 71,180 shares in its portfolio. Manufacturers Life Insurance Company The owns 13,360 shares for 0% of their portfolio. Blackrock holds 0% or 1.25 million shares in its portfolio. Parametric Portfolio Associates Ltd Limited Liability Company invested in 0% or 19,434 shares. Employees Retirement Sys Of Ohio holds 0% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK) for 6,124 shares. State Board Of Administration Of Florida Retirement System invested in 15,166 shares. Bancorp Of America De has 0% invested in Overstock.com, Inc. (NASDAQ:OSTK). Lee Danner And Bass has 594,766 shares for 1.9% of their portfolio. New York State Common Retirement Fund has 0% invested in Overstock.com, Inc. (NASDAQ:OSTK). Alliancebernstein Lp owns 8,500 shares. Northern Trust Corporation holds 0% or 209,531 shares.

Since September 1, 2017, it had 0 insider buys, and 4 selling transactions for $855,461 activity.

The stock of Overstock.com, Inc. (NASDAQ:OSTK) is a huge mover today! The stock increased 11.46% or $6.8 during the last trading session, reaching $66.15. About 4.45M shares traded. Overstock.com, Inc. (NASDAQ:OSTK) has declined 7.99% since February 15, 2017 and is downtrending. It has underperformed by 24.69% the S&P500.
The move comes after 9 months positive chart setup for the $1.66 billion company. It was reported on Feb, 15 by Barchart.com. We have $68.13 PT which if reached, will make NASDAQ:OSTK worth $49.65 million more.

Overstock.com, Inc. (NASDAQ:OSTK) Ratings Coverage

Among 2 analysts covering Overstock.com (NASDAQ:OSTK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Overstock.com had 5 analyst reports since May 26, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 1 by DA Davidson. The company was initiated on Thursday, May 26 by Maxim Group. The rating was initiated by DA Davidson with “Buy” on Wednesday, September 6. The firm has “Buy” rating given on Wednesday, February 1 by Maxim Group. DA Davidson maintained Overstock.com, Inc. (NASDAQ:OSTK) rating on Thursday, November 9. DA Davidson has “Buy” rating and $85 target.

More notable recent Overstock.com, Inc. (NASDAQ:OSTK) news were published by: Detroitnews.com which released: “Overstock.com surges on report of Kroger eyeing deal” on January 19, 2018, also Investorplace.com with their article: “Cryptocurrency and Kroger Drive Overstock.com Inc Volatility, Here’s How to …” published on February 02, 2018, Bizjournals.com published: “Is Kroger eyeing Overstock.com?” on January 22, 2018. More interesting news about Overstock.com, Inc. (NASDAQ:OSTK) were released by: Investorplace.com and their article: “Why 300% in Overstock.com Inc Looks Reasonable” published on February 05, 2018 as well as Globenewswire.com‘s news article titled: “tZERO, Overstock.com’s Blockchain Subsidiary, Purchases 24% Stake in …” with publication date: February 02, 2018.

Overstock.com, Inc. operates as an online retailer in the United States. The company has market cap of $1.66 billion. The firm operates through two divisions, Direct and Partner. It currently has negative earnings. It offers brand name, non-brand name, and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products; and sells various books, magazines, CDs, DVDs, and video games.

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