Markets

After monster 3,590% rally off pandemic low, Overstock can still jump another 50% as it benefits from ‘seismic forces,’ Piper Sandler says

Since its pandemic low on March 18, shares of Overstock.com have posted an eye-popping rally of 3,590% as of Friday’s close, thanks in part to positive trends in its ecommerce business. And according to Piper Sandler, Overstock’s rally will continue, as the “new and improved” company benefits from “seismic forces.” […]
After monster 3,590% rally off pandemic low, Overstock can still jump another 50% as it benefits from ‘seismic forces,’ Piper Sandler says
Markets

Overstock plummets 19% on slashed profit forecast, CFO resignation

Shares of Overstock.com traded as much as 19% lower on Monday after the company announced the resignation of its chief financial officer and issued a warning that full-year retail earnings could miss previously set targets. Robert Hughes, who spent nine years working in senior management roles at Overstock, will step-in […]
Overstock plummets 19% on slashed profit forecast, CFO resignation
Markets

Overstock’s ex-CEO loves crypto, calls Warren Buffett his ‘rabbi,’ clashed with Mark Cuban, and dated a Russian spy. Here are 5 wild facts about Patrick Byrne.

Overstock.com founder and boss Patrick Byrne resigned from the online retailer this month, stating he was “already too controversial to serve as CEO.” Byrne’s colourful past includes seeking advice from his “Omaha rabbi” Warren Buffett, clashing with Mark Cuban, and describing Steve Cohen and Michael Milken as “Sith Lords” and […]
Overstock’s ex-CEO loves crypto, calls Warren Buffett his ‘rabbi,’ clashed with Mark Cuban, and dated a Russian spy. Here are 5 wild facts about Patrick Byrne.
Markets

Overstock sheds $317 million in market value after its CEO releases a bizarre statement about his involvement with the ‘Deep State’

Overstock.com shares tanked after CEO Patrick Byrne released an unusual statement on Monday. The statement said he assisted in federal investigations surrounding the 2016 presidential election. Byrne has a history of making comments that send shares into a tailspin. Watch Overstock trade live on Markets Insider. Overstock.com shares plunged this […]
Overstock sheds $317 million in market value after its CEO releases a bizarre statement about his involvement with the ‘Deep State’