Overstock.com, Inc (OSTK) Files Form 4 Insider Selling : Patrick Michael Byrne Sells 70,000 Shares

Overstock.com, Inc (OSTK): Patrick Michael Byrne , CEO of Overstock.com, Inc sold 70,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 19, 2016 to the Securities and Exchange Commission. The shares were sold at $16.96 per share for a total value of $1,187,200.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 14, 2016, Samuel Appleton Mitchell (director) sold 2,801 shares at $17.19 per share price.On Feb 22, 2016, Joseph J Jr Tabacco (director) purchased 15,000 shares at $14.45 per share price.Also, 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.

Shares of Overstock.com (OSTK) ended Monday, Jul 18, 2016 session in red amid volatile trading. The shares closed down -0.3 points or -1.78% at $16.57 with 64,129 shares getting traded. Post opening the session at $16.89, the shares hit an intraday low of $16.4 and an intraday high of $16.89 and the price vacillated in this range throughout the day. The company has a market cap of $420 M and the number of outstanding shares has been calculated to be 2,53,38,844 shares. The 52-week high of Overstock.com is $24 and the 52-week low is $10.03.

Overstock.com Money Flow Index Chart

Company has been under the radar of several Street Analysts.Overstock.com is Initiated by Maxim Group to Buy and the brokerage firm has set the Price Target at $20. The Rating was issued on May 26, 2016.

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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