Insider Selling: Overstock.com Inc. (OSTK) SVP Sells 1,500 Shares of Stock
Overstock.com Inc. (NASDAQ:OSTK) SVP Brian L. Popelka sold 1,500 shares of the stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $17.62, for a total value of $26,430.00. Following the completion of the transaction, the senior vice president now directly owns 11,565 shares of the company’s stock, valued at approximately $203,775.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Overstock.com Inc. (NASDAQ:OSTK) traded down 0.28% on Monday, reaching $17.70. The company’s stock had a trading volume of 57,892 shares. The firm has a market capitalization of $449.28 million, a PE ratio of 47.71 and a beta of 0.42. The stock’s 50 day moving average is $15.34 and its 200-day moving average is $15.88. Overstock.com Inc. has a 52 week low of $10.03 and a 52 week high of $18.05.
Several hedge funds have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Overstock.com by 263.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 97,700 shares of the company’s stock valued at $1,495,000 after buying an additional 70,800 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Overstock.com during the third quarter valued at $148,000. Two Sigma Advisers LP raised its position in Overstock.com by 25.7% in the third quarter. Two Sigma Advisers LP now owns 12,900 shares of the company’s stock valued at $198,000 after buying an additional 2,638 shares during the period. SECOR Capital Advisors LP bought a new position in Overstock.com during the third quarter valued at $197,000. Finally, Northern Trust Corp raised its position in Overstock.com by 2.2% in the third quarter. Northern Trust Corp now owns 174,042 shares of the company’s stock valued at $2,667,000 after buying an additional 3,827 shares during the period. Institutional investors and hedge funds own 42.61% of the company’s stock.
Overstock.com Company Profile
Overstock.com, Inc 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 Company operates through two segments: direct business and partner business.
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