Buying Buzz: Overstock.com Inc. [OSTK] CHIEF EXECUTIVE OFFICER JOHNSON JONATHAN E III acquires 1,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Overstock.com Inc. shares valued at $28,831 were purchased by JOHNSON JONATHAN E III on Aug 04. At $28.83 per share, JOHNSON JONATHAN E III acquired 1,000 shares. The insider’s holdings grew to 126,234 shares worth approximately $3.01 million following the completion of this transaction.


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Also, Dalton Krista sold 2,000 shares, netting a total of over 58,660 in proceeds. Following the sale of shares at $29.33 each, the insider now holds 5,370 shares.

Before that, Nickle Eric Glen had sold 1,000 shares from its account. In a trade valued at $40,026, the Chief Legal Officer traded Overstock.com Inc. shares for $40.03 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.31 million.

As published in their initiating research note from Raymond James on June 30, 2022, Overstock.com Inc. [OSTK] has been a Mkt perform. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of November 23, 2021, Guggenheim has initiated its “Neutral” rating for OSTK.

Analyzing OSTK’s Price Performance

On Thursday, Overstock.com Inc. [NASDAQ: OSTK] plunged -4.86% to $23.86. The stock’s lowest price that day was $23.72, but it reached a high of $25.07 in the same session. During the last five days, there has been a drop of approximately -12.15%. Over the course of the year, Overstock.com Inc. shares have dropped approximately -59.57%. Shares of the company reached a 52-week high of $60.33 on 01/03/22 and a 52-week low of $23.72 on 09/22/22. A 50-day SMA is recorded $28.14, while a 200-day SMA reached $39.51. Nevertheless, trading volume fell to 1.21 million shares from 1.04 million shares the previous day.

Support And Resistance Levels for Overstock.com Inc. (OSTK)

According to the 24-hour chart, there is a support level at 23.36, which, if violated, would cause prices to drop to 22.87. In the upper region, resistance lies at 24.71. The next price resistance is at 25.57. RSI (Relative Strength Index) is 36.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.18, which suggests the price will decrease in the coming days. Percent R is at 98.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Overstock.com Inc. subject to short interest?

Stocks of Overstock.com Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.03 million shares to 7.79 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.82 million shares. A decline of -13.22% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.15 of the overall float, the days-to-cover ratio (short ratio) decline to 5.15.

Which companies own the most shares of Overstock.com Inc. (OSTK)?

According to The Vanguard Group, Inc. filings, the company currently owns 3,911,064 shares, which is about 8.56% of the total OSTK shares outstanding. The investor’s shares have plunged by -110,394 from its previous 13-F filing of 4021458.0 shares. With the completion of the buy transaction, William Blair Investment Manageme’s stake is now worth $90,061,756. BlackRock Fund Advisors acquire a 4.64% interest valued at $73.87 million while Simcoe Capital Management LLC sold a -578,267 stake. A total of -206,212 shares of Overstock.com Inc. were sold by Invesco Advisers, Inc. during the quarter, and -65,889 were sold by D. E. Shaw & Co. LP. In its current portfolio, Invesco Asset Management Ltd. holds 1,083,227 shares valued at $28.27 million.

In terms of Overstock.com Inc. share price expectations, FactSet research, analysts set an average price target of $58.80 in the next 12 months, up nearly 79.43% from the previous closing price of $25.08. Analysts anticipate Overstock.com Inc. stock to reach $98.00 by 2022, with the lowest price target being $34.00. In spite of this, 7 analysts ranked Overstock.com Inc. stock as an Overweight at the end of 2022. On July 08, 2021, Needham assigned a price target of “a Buy” to the stock and initiated coverage with a $150.

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