Overstock.com (OSTK) is Initiated by Maxim Group to Buy, Price Target at $20

Overstock.com (OSTK) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $20. Maxim Group advised their investors in a research report released on May 26, 2016.

Overstock.com closed down -0.12 points or -0.71% at $16.87 with 78,028 shares getting traded on Wednesday. Post opening the session at $17.08, the shares hit an intraday low of $16.75 and an intraday high of $17.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 22, 2016, Joseph J Jr Tabacco (director) purchased 15,000 shares at $14.45 per share price. According to the SEC, on Nov 16, 2015, Carter Paul Lee (SVP, Technology) sold 2,642 shares at $13.98 per share price. On Jun 15, 2015, Sam Noursalehi (SVP, Product Development) sold 2,548 shares at $21.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Overstock.com Inc. (Overstock) is an online retailer offering discount brand name non-brand name and closeout merchandise including furniture home decor bedding and bath housewares jewelry and watches apparel and designer accessories electronics and computers and sporting goods among other products. The Company also sells books magazines compact discs (CDs) digital versatile discs (DVDs) and video games (BMMG). The Company has organized its shopping business in two segments: direct business and partner business. The Company offers approximately 683000 non-BMMG products and approximately 696000 BMMG products. Overstock’s direct business includes sales made to individual consumers and businesses. The Company’s partner business segment sells merchandise of other retailers cataloguers or manufacturers through its Website. Overstock sells these products through its Internet Websites located at www.overstock.com www.o.co and www.o.biz.


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