Carter Paul Lee Sells 2,000 Shares of Overstock.com, Inc. (OSTK) Stock
Overstock.com, Inc. (NASDAQ:OSTK) SVP Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $47.28, for a total transaction of $94,560.00. Following the completion of the sale, the senior vice president now owns 3,089 shares in the company, valued at $146,047.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Overstock.com, Inc. (NASDAQ:OSTK) opened at $45.85 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. Overstock.com, Inc. has a one year low of $13.75 and a one year high of $65.70.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. The company had revenue of $424.00 million for the quarter, compared to analyst estimates of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. Overstock.com’s revenue for the quarter was down 4.0% compared to the same quarter last year. sell-side analysts forecast that Overstock.com, Inc. will post -0.47 earnings per share for the current year.
A number of large investors have recently modified their holdings of OSTK. Public Employees Retirement System of Ohio increased its stake in Overstock.com by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock worth $105,000 after purchasing an additional 854 shares during the period. SG Americas Securities LLC purchased a new stake in Overstock.com during the third quarter worth about $109,000. American International Group Inc. increased its stake in Overstock.com by 7.0% during the first quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after purchasing an additional 535 shares during the period. SpiderRock Advisors LLC purchased a new stake in Overstock.com during the third quarter worth about $145,000. Finally, AXA purchased a new stake in Overstock.com during the second quarter worth about $176,000. Institutional investors own 47.74% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Carter Paul Lee Sells 2,000 Shares of Overstock.com, Inc. (OSTK) Stock” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/06/carter-paul-lee-sells-2000-shares-of-overstock-com-inc-ostk-stock.html.
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.
Receive News & Stock Ratings for Overstock.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overstock.com Inc. and related stocks with our FREE daily email newsletter.