Why Are Investors Bearish On Overstock – CWEB.com

stocklower

Why Are Investors Bearish On Overstock – CWEB.com

Overstock (OSTK) association with cryptocurrencies caused a temporary spike in price.

The Company’s operations are a cash negative.

The stock is extremely overvalued based on fundamentals.

Overstock (OSTK) stock price has run from $15.95 on August 2nd 2017 to a 12-year high of $65.70. It is trading currently at $47.

The value of Overstock (OSTK) has been a hot topic of debate among analysts and investors as the financial sector begins to recognize the value of the blockchain and cryptocurrency technologies.

“News and social media are driving the investment and risk management process more than ever with the continuing rise of passive and quant-driven trading,” said Thomson Reuters’ Austin Burkett, Global Head of Quant and Feeds.

Thomson Reuters (NYSE:TRI) is launching a bitcoin sentiment gauge for crypto traders.

The SEC announced it’s investigating the initial coin offering of Overstock subsidiary tZero. Investors are clearly concerned about the implications of the investigation which has affected the stock price.

CWEB Analyst’s have initiated a Hold Rating for Overstock (OSTK)  and a Price Target of $39

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart
OSTK data by YCharts

 


Follow us on Google news for more updates and News










PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.

Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.

Full Disclaimer


>