Notable Runner: Is Buying Overstock.com, Inc. Here a Winning Strategy?

Notable Runner: Is Buying Overstock.com, Inc. Here a Winning Strategy?

The stock of Overstock.com, Inc. (NASDAQ:OSTK) hit a new 52-week high and has $35.08 target or 96.00% above today’s $17.90 share price. The 5 months bullish chart indicates low risk for the $468.90 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $35.08 price target is reached, the company will be worth $450.14 million 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 19,142 shares traded hands. Overstock.com, Inc. (NASDAQ:OSTK) has risen 16.39% since April 19, 2016 and is uptrending. It has outperformed by 12.53% the S&P500.

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 increased, 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.
J Goldman And Co Limited Partnership holds 0.16% or 191,800 shares in its portfolio. Springbok Cap Limited Liability Corporation has 2,600 shares for 0.01% of their US portfolio. The Delaware-based Blackrock Advsrs Llc has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Moreover, Blackrock Grp Incorporated Limited has 0% invested in Overstock.com, Inc. (NASDAQ:OSTK) for 4,133 shares. State Street Corporation accumulated 0% or 211,129 shares. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Aqr Capital Management Lc holds 0% or 97,500 shares in its portfolio. Citigroup has invested 0% of its portfolio in Overstock.com, Inc. (NASDAQ:OSTK). Globeflex Capital Limited Partnership owns 118,566 shares or 0.52% of their US portfolio. Chou Assoc Management accumulated 582,271 shares or 1.27% of the stock. Gsa Capital Prtnrs Llp reported 11,652 shares or 0.01% of all its holdings. Tower Rech Capital Ltd (Trc) last reported 433 shares in the company. The Switzerland-based Swiss National Bank has invested 0% in Overstock.com, Inc. (NASDAQ:OSTK). Partnervest Advisory Svcs Lc has 0.22% invested in the company for 28,200 shares. Credit Suisse Ag reported 14,511 shares or 0% of all its holdings.

Insider Transactions: Since June 13, 2016, the stock had 1 insider buy, and 6 insider sales for $163,990 net activity. 3,500 shares were sold by Popelka Brian L., worth $56,000. JOHNSON JONATHAN E III sold $4,432 worth of Overstock.com, Inc. (NASDAQ:OSTK) on Friday, August 26. Malaszenko Natalie also sold $9,642 worth of Overstock.com, Inc. (NASDAQ:OSTK) on Friday, November 11. MITCHELL SAMUEL APPLETON sold $48,149 worth of stock or 2,801 shares. 70,000 shares with value of $1.19M were bought by Simon Stormy on Friday, July 15. $1.19 million worth of Overstock.com, Inc. (NASDAQ:OSTK) was sold by BYRNE PATRICK MICHAEL. 2,987 shares were sold by Lee Carter Paul, worth $45,767.

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 Valuewalk.com with their article: “Overstock.com, Inc. (OSTK) – Non-GAAP Metric Ignores Economic Reality” published on October 31, 2016, Fool.com published: “Better Buy: eBay Inc. vs. Overstock.com” on July 14, 2016. More interesting news about Overstock.com, Inc. (NASDAQ:OSTK) were released by: Globenewswire.com and their article: “Overstock.com Announces Commencement of Rights Offering and Maximum Price” published on November 15, 2016 as well as Fool.com‘s news article titled: “How Overstock.com, Inc. Gained 17% in May” with publication date: June 07, 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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