21.69 -0.01 (-0.05%)
After hours: 7:53PM EDT
|Bid||21.61 x 1100|
|Ask||21.70 x 1800|
|Day's range||19.42 - 21.98|
|52-week range||2.53 - 29.75|
|Beta (5Y monthly)||3.62|
|PE ratio (TTM)||N/A|
|Earnings date||06 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||33.00|
tZERO, the global leader in blockchain innovation for capital markets, announced today that broker-dealers ChoiceTrade and a multinational, publicly-traded investment bank and financial services company focused on institutional brokerage are now live and trading on the tZERO ATS. These broker-dealers join Dinosaur Financial Group, LLC as subscribers to the tZERO ATS. Customers of those broker-dealers are now able to trade Overstock’s innovative Series A-1 dividend shares, which were issued to Overstock shareholders last week. These firms and their customers are expected to have access to TZROP (tZERO's preferred equity security) and other assets that trade on the tZERO ATS in the near future. The tZERO ATS now has three active subscribers and has signed four additional agreements with progressive broker-dealers interested in trading securities.
On May 19, 2020, Overstock.com, Inc. (OSTK) paid a dividend to stockholders of record as of April 27, 2020 in the form of shares of Digital Voting Series A-1 Preferred Stock, OSTKO, which is registered with the Securities Exchange Commission under the Securities Act of 1933. “It has come to the company’s attention that shares of Series A-1 Preferred Stock are being sold on platforms other than the alternative trading system (ATS), operated by tZERO ATS, LLC,” said Overstock Chief Executive Officer Jonathan Johnson.
Overstock.com, Inc. (OSTK) announces that it has successfully completed the issuance of its Digital Voting Series A-1 Preferred Stock (“Series A-1”) (OSTKO) digital dividend on May 19, 2020, as expected. The dividend was issued in Series A-1 shares on a 1:10 basis to all Overstock shareholders as of the record date of April 27, 2020. Overstock distributed the dividend shares though its transfer agent, Computershare, to investors’ brokerage or other custodial accounts in which they hold their Overstock securities, and no action by shareholders was necessary for them to receive the dividend.
Shares of Overstock (NASDAQ: OSTK) were flying higher once again on Tuesday, after shares of its digital dividend were distributed. As of 1:45 p.m. EDT, shares of its common stock were trading an impressive 19% higher on the Nasdaq exchange. While the digital dividend is today's news specifically tied to Overstock, it's also possible the stock is moving higher as investors continue to favor e-commerce companies.
At Overstock's annual meeting last week, CEO Jonathan Johnson said that quarter-to-date sales were up 130% year over year, with new customers up 260% during the period, as more consumers than ever were embracing online shopping. Peloton's sales -- and shares -- have surged since March. Peloton has a similar story to tell.
Overstock.com, Inc. (OSTK) a tech-driven online retailer and advancer of blockchain technology, announces an event for analysts and investors to be held on June 10, 2020, from 4pm to 6pm ET. The event will include include discussion and Q&A with members of the company’s executive leadership team, and will take place via a live webcast to comply with guidance from health and government officials against in-person gatherings during the coronavirus (COVID-19) pandemic. “I am committed to improving communications with our shareholders and helping the investment community better understand who Overstock is as a company,” said Overstock CEO Jonathan Johnson.
Shares of Overstock (NASDAQ: OSTK) have jumped today, up by 17% as of 2:45 p.m. EDT, after the company said sales had skyrocketed as COVID-19 drives consumers to e-commerce. At the meeting, CEO Jonathan Johnson provided investors with an update about the business's performance during the novel coronavirus outbreak. The company has shifted to a new model where 100% of employees are now working from home, and Overstock has also enjoyed new retail customer growth of 85% year to date.
Shares of e-commerce company Overstock (NASDAQ: OSTK) are getting used to going up in recent weeks, and Wednesday was no exception. It's just a theory, but it's possible Overstock's upcoming digital dividend has sparked a short squeeze of the stock. In recent days, Overstock's stock has gone up a lot.
Shares of Overstock (NASDAQ: OSTK) rose once again on Tuesday, after rival Wayfair (NYSE: W) reported impressive first-quarter 2020 earnings. At the close of trading, Overstock shares were up 8.5%. The following chart stretches credulity by displaying the stock performance of Wayfair and Overstock just since March 18, a mere seven weeks ago.
Shares of Overstock (NASDAQ: OSTK) continued their upward march on Monday, after a report showed online furniture sales surged in April. Overstock's stock traded as much as 12% higher on the news, and still traded 9% higher as of 3:30 p.m. EDT. Privately-held Blueport Commerce allows traditional furniture retailers to build an online presence.
Joining me today are Jonathan Johnson, CEO of Overstock and President of Medici Ventures; Adrianne Lee, CFO of Overstock; Dave Nielsen, President of Overstock Retail; and Saum Noursalehi, CEO of tZERO. Thank you, Alexis.
SALT LAKE CITY, April 30, 2020 -- Overstock.com, Inc. (NASDAQ:OSTK), a tech-driven online retailer and advancer of blockchain technology, today reported financial results for.
GrainChain, a keiretsu company of Medici Ventures, Overstock.com, Inc.’s (OSTK) wholly owned blockchain subsidiary, has been honored as a finalist in the “Food” category for the Fast Company 2020 World Changing Ideas Awards. This premier award honors products, concepts, companies, policies, and designs that offer innovative solutions to the issues facing society and the planet. With an innovative suite of products providing world-changing solutions in blockchain, Internet of Things, and advanced logistics systems, GrainChain is benefitting every level of the agricultural industry.
Overstock.com, Inc. (OSTK) announces that it will now hold its 2020 annual stockholders meeting virtually, in lieu of an in-person meeting, in response to direction from health and government officials against large gatherings during the country’s response to COVID-19. Holders of record at the close of business on March 20, 2020 will be entitled to vote at and ask questions during the annual meeting by following the instructions available on the virtual meeting website at https://www.meetingcenter.io/259771871. An audio replay of the virtual meeting will be available at http://investors.overstock.com starting two to three days after the meeting date.
SALT LAKE CITY, April 24, 2020 -- Overstock.com, Inc. (NASDAQ:OSTK), the e-commerce and blockchain technology pioneer, is scheduled to release first quarter financial results.
tZERO, the global leader in blockchain innovation for capital markets, today announced that GoldenSand Capital (formerly known as GSR Capital), a private equity firm based in Hong Kong, has completed its $5 million equity investment in tZERO.
Overstock.com, Inc. (OSTK) is approaching the record date for its Digital Voting Series A-1 Preferred Stock (“OSTKO”) dividend. All Overstock shareholders as of April 27, 2020 will receive the dividend, which will be distributed on a 1:10 basis in shares of OSTKO on May 19, 2020. Eligible shareholders do not need to take any action to receive the dividend.
tZERO, the global leader in blockchain innovation for capital markets, announced today that its broker-dealer subsidiary, SpeedRoute, which is a leader in U.S. equity order routing and market structure, reported its strongest month in the history of the company. The total monthly trading volume for March 2020 was nearly three times that of March 2019, and this resulted in a 218% increase in revenues compared to the prior period. Despite this significant increase in volume, SpeedRoute’s system had 100% system uptime.
Overstock.com, Inc. (OSTK) announces the filing today of a prospectus supplement in connection with its dividend of Digital Voting Series A-1 Preferred Stock with the Securities and Exchange Commission (SEC). This filing completes the registration process for the Digital Voting Series A-1 Preferred shares (OSTKO) with the SEC in advance of the company’s dividend issuance. No further regulatory filings are required in connection with the Series A-1 Preferred dividend.
“We appreciate the cooperation market participants and regulators have provided as we move to pay this innovative dividend,” said Overstock CEO Jonathan Johnson. NASDAQ has indicated due bills will not be issued in connection with the dividend. This press release does not constitute an offer to sell or a solicitation of an offer to buy the Digital Voting Series A-1 Preferred Stock (the “Series A-1”), by Overstock and its subsidiaries and affiliates and no offer, solicitation or sale of the Series A-1 shall be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Overstock.com, Inc. (OSTK) announces that, as expected, The Depository Trust Company (DTC) granted eligibility to the company’s Digital Voting Series A-1 Preferred Stock, OSTKO, on April 7, 2020. DTC eligibility allows shares of OSTKO to be eligible for depository and book-entry services at DTC. “This is a long-awaited moment for Overstock and our shareholders, as DTC’s grant of eligibility removes a hurdle to issuing our innovative digital dividend,” said Overstock CEO Jonathan Johnson.
Overstock.com, Inc. (OSTK) is announcing key dates and releasing the following information for shareholders relating to the recently announced dividend of the Digital Voting Series A-1 Preferred Stock (“Series A-1”) (the “Dividend”), including how the Dividend will be distributed, and the process and mechanics of the Dividend for broker-dealers and other financial professionals. On February 13, 2020, the shareholders of Overstock approved amendments to the Company’s Certificate of Incorporation to facilitate the distribution of the Dividend. In light of the shareholder vote, on April 6, 2020 the Company’s Board of Directors set a record date for the Dividend of April 27, 2020 (the “Record Date”) and a payment date of May 19, 2020 (the “Payment Date”).
Medici Ventures, the wholly owned blockchain accelerator of Overstock.com, Inc. GrainChain, a blockchain-powered agritech company, is utilizing Symbiont’s Assembly™ enterprise blockchain network to improve platform performance and privacy features.
Overstock.com, Inc. (OSTK) announced today the appointment of Adrianne Lee as its Chief Financial Officer. Lee will assume the role on March 31, 2020 and will oversee all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, and managing tax, treasury, internal audit, and investor relations. Lee joins Overstock from The Hertz Corporation where she was senior vice president and CFO of the company’s $7 billion North American Rental Car unit.