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Overstock.com (OSTK) Soars: Stock Adds 13.9% in Session

Zacks Equity Research
Updated

Overstock.com, Inc. OSTK was a big mover last session, as the company saw its shares rise nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $42.30–$63.95 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Overstock.com currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Overstock.com, Inc. Price

Overstock.com, Inc. Price | Overstock.com, Inc. Quote

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Investors interested in the Internet - Commerce industry may consider Groupon, Inc. GRPN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Zacks Investment Research