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HomeBusinessWhy Are Investors Bearish On Overstock - CWEB.com

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

 

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