Overstock.com (OSTK) Receiving Somewhat Critical News Coverage, Accern Reports
Media coverage about Overstock.com (NASDAQ:OSTK) has been trending somewhat negative on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Overstock.com earned a coverage optimism score of -0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Companies Can Put Shareholders on a Blockchain Starting Today (finance.yahoo.com)
- Overstock com : Launches Cars by Overstock; Online platform is a one-stop-shop for automotive research, purchasing, financing, and protection plans (4-traders.com)
- Overstock.com Scheduled to Release Q2 2017 Financial Results on August 3, 2017 (finance.yahoo.com)
- Overstock.com Launches Cars by Overstock (finance.yahoo.com)
Overstock.com (NASDAQ:OSTK) traded up 3.13% on Thursday, hitting $16.45. 259,290 shares of the stock traded hands. Overstock.com has a 52-week low of $13.05 and a 52-week high of $20.50. The company’s 50 day moving average price is $16.23 and its 200-day moving average price is $16.58. The stock’s market cap is $411.17 million.
Several research analysts have recently weighed in on the stock. Maxim Group set a $25.00 price target on shares of Overstock.com and gave the stock a “buy” rating in a report on Friday, May 19th. TheStreet cut shares of Overstock.com from a “c” rating to a “d+” rating in a report on Friday, May 26th.
In other Overstock.com news, SVP Brian L. Popelka sold 3,500 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $14.35, for a total value of $50,225.00. Following the completion of the sale, the senior vice president now directly owns 14,682 shares of the company’s stock, valued at approximately $210,686.70. The transaction was disclosed in a filing with the SEC, which is available through this link. 28.90% of the stock is owned by insiders.
Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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