Overstock.com, Inc. (OSTK) News
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OSTK News Highlights
- OSTK's 30 day story count now stands at 22.
- Over the past 25 days, the trend for OSTK's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- AMP, LI and AMZN are the most mentioned tickers in articles about OSTK.
Latest OSTK News From Around the Web
Below are the latest news stories about OVERSTOCKCOM INC that investors may wish to consider to help them evaluate OSTK as an investment opportunity.
Although an Overstock insider buying up a large volume of OSTK stock is encouraging, the business still faces challenges.
On October 27, 2023, Marcus Lemonis, a director at Overstock.com Inc (NASDAQ:OSTK), purchased 40,293 shares of the company.
Shares of Overstock.com (NASDAQ: OSTK) went up today after one of its directors increased his ownership stake in the business. The market almost always views something like this in a positive light, and that's why Overstock was up 11% as of 2:15 p.m. ET on Monday. Not all insider trading is illegal; insiders naturally know information before the public, and they're allowed to buy and sell stock.
When a big-name brand goes bankrupt and has its intellectual property sold at auction, the buyer usually uses the name to leverage the recognition factor. The new owner of the brand has not tried to bring the company back as it was. Instead, the company that purchased the Sharper Image name has splashed it on low-end toys designed for adults.
Overstock.com, Inc. (NASDAQ:OSTK) Q3 2023 Earnings Call Transcript October 26, 2023 Overstock.com, Inc. beats earnings expectations. Reported EPS is $-0.61, expectations were $-0.69. Operator: Good day and thank you for standing by. Welcome to the Q3 2023 Overstock.com Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ […]
Overstock.com's (OSTK) third-quarter 2023 reflect a year-over-year decline in both the top and bottom lines.
Welcome to the Q3 2023 Overstock.com Inc. earnings conference call. Joining me on the call today are CEO, Jonathan Johnson; CFO, Adrianne Lee; and president, Dave Nielsen. Additional information about factors that could potentially impact our financial results is included in our Form 10-K for the year ended December 31st, 2022, and in our subsequent filings with the SEC.
Online retailer Overstock.com (OSTK) missed on top and bottom line estimates in the third quarter. Overstock has also acquired the trademarks and digital assets of shuttered big-box retailer Bed Bath & Beyond and intends to rebrand itself as Beyond, Inc. Beyond Inc. CEO Jonathan Johnson joins Yahoo Finance Live to discuss the website's rebranding campaign and what the company expects for the holiday shopping season. "We're very confident that with this rebrand the holidays will be better to us than they've been in the past," Johnson says, later commenting on its inventory categories amid holdups in the U.S. housing market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
On an unadjusted basis, however, Overstock lost $1.39 a share, wider than forecasts for a loss of $1.04. For the fourth quarter, Overstock expects revenue trends to “improve modestly,” while gross margins will be in line with the third quarter. Overstock has done business under the Bed Bath & Beyond name since July in Canada and since Aug. 1 in the U.S.
Overstock.com Inc (OSTK) reports Q3 2023 financial results, highlighting the impact of the Bed Bath & Beyond brand acquisition