On 5/7/24, OVERSTOCK COM INC (NYSE: OSTK) stock suffered a major decline of -24.5%, closing at $16.52. Moreover, exceptionally high trading volume at 481% of normal accompanied the decline. The stock has declined -20.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OSTK is expected to continue to be Value Creation neutral.
OVERSTOCK COM INC has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. OVERSTOCK COM INC has a very low Appreciation Score of 11 but a good Power Rating of 79, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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