Overstock stock split

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Overstock Stock Is Flying Higher After a Digital Dividend Distribution

Shares of Overstock preferred stock were handed out to common shareholders.

Jon Quast
Author Bio
After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. What's great about exploring business and the economy is the insight it gives you into how things are in the world. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform. Appreciate my writing, have an idea for me, or is there an issue with something I wrote? Feel free to reach out to me at [email protected]
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What happened

Shares of Overstock(NASDAQ:OSTK) were flying higher once again on Tuesday, after shares of its digital dividend were distributed. As of 1:45 p.m. EDT, shares of its common stock were trading an impressive 19% higher on the Nasdaq exchange.

While the digital dividend is today's news specifically tied to Overstock, it's also possible the stock is moving higher as investors continue to favor e-commerce companies.

The word Dividends is written on a blackboard, surrounded by financial images

Image source: Getty Images.

So what

Overstock is a majority owner of tZero -- a capital market that many use for trading cryptocurrency. However, it's not limited to cryptocurrency; Overstock's Series A-1 preferred stock trades on the platform. These shares were awarded as a digital dividend to shareholders of its common stock, the one that trades on the Nasdaq exchange.

For every 10 shares of Overstock common stock, shareholders were given one share of the Series A-1 preferred stock. It was distributed automatically today to shareholders as of April 27.

As of this writing, the preferred shares were trading at $10 -- down 33%. However, considering shares of common stock opened today at $15.51, and shares of preferred stock opened at $14.50, the dividend payout ratio was around 9%. It's an unusual dividend that makes an apple-to-apples comparison hard, but that's quite a payout.

Now what

It's possible today's move with Overstock has nothing to do with the digital dividend. Walmart(NYSE:WMT) reported earnings for the first quarter of fiscal 2021 today. Of note to Overstock shareholders is that Walmart's quarterly e-commerce sales grew 74% year over year -- a strong reminder of current consumer-discretionary spending trends.

Remember, Overstock's retail sales in April were up 120% from April of 2019. Walmart's strong e-commerce report is no doubt reminding investors of Overstock's likewise impressive numbers. The question for long-term investors, however, is whether these gains are sustainable.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Sours: https://www.fool.com/investing/2020/05/19/overstock-is-flying-higher-after-digital-dividend-.aspx

Overstock.com (OSTK) Shareholders Approve Series A-1 Preferred Stock Dividend


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Overstock.com, Inc. (NASDAQ: OSTK) stockholders have voted to approve the proposed changes for the company to move forward with the issuance of its previously-announced Series A-1 Preferred Stock dividend on a 1:10 basis. The shares, which will be registered with the SEC, trade exclusively on the tZERO ATS under the symbol OSTKO.

“This is a big deal for Overstock and tZERO,” said Overstock CEO Jonathan Johnson. “I thank our stockholders for approving this historic dividend, which we believe will provide them real value. I expect it will increase investor interest and activity in the tZERO ATS trading environment and incentivize both issuers and broker-dealers to further utilize tZERO’s revolutionary blockchain-meets-capital-markets technology.”

Stockholder approval enabled changes to be made to the OSTKO certificates of designation so that shares can be held more broadly and transferred more easily. Stockholders approved proposals 1-3, which are those necessary to move forward with the dividend as planned. Stockholders did not approve proposals 4 and 5 which means that the company must seek stockholder approval in order to make any future changes to the total number of shares of preferred stock designated as Series A-1 Preferred Stock and Series B Preferred Stock.

Overstock is working with industry participants to finalize the record and distribution dates for the Series A-1 Preferred Stock dividend, expects to notify investors soon of those dates and expects to distribute the dividend no later than this April.





Sours: https://www.streetinsider.com/
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Overstock.com provides a range of products, including furniture, home decor, bedding and bath, and housewares through its online retail business. Co. provides additional products or services including: businesses advertising products or services on its Internet websites located at www.overstock.com, www.o.co, www.overstock.ca, and www.overstockgovernment.com; its international business where it provides products to customers outside the U.S. using third party logistics providers; and Supplier Oasis, a single integration point through which its partners can manage their products, inventory and sales channels, and obtain multi-channel fulfillment services through its distribution network. According to our Overstock.com stock split history records, Overstock.com has had 0 splits.
Overstock.com stock split history picture
Overstock.com (OSTK) has 0 splits in our Overstock.com stock split history database.

Looking at the Overstock.com stock split history from start to finish, an original position size of 1000 shares would have turned into 1000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Overstock.com shares, starting with a $10,000 purchase of OSTK, presented on a split-history-adjusted basis factoring in the complete Overstock.com stock split history. Overstock.com split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date:10/18/2011
End date:10/15/2021
Start price/share:$10.36
End price/share:$77.67
Dividends collected/share:$0.00
Total return:649.71%
Average Annual Total Return:22.32%
Starting investment:$10,000.00
Ending investment:$74,985.06
Years:10.00
Sours: https://www.stocksplithistory.com/?symbol=OSTK
Why I believe Overstock (OSTK) is a 10x SPAWNER
Overstock.com provides a range of products, including furniture, home decor, bedding and bath, and housewares through its online retail business. Co. provides additional products or services including: businesses advertising products or services on its Internet websites located at www.overstock.com, www.o.co, www.overstock.ca, and www.overstockgovernment.com; its international business where it provides products to customers outside the U.S. using third party logistics providers; and Supplier Oasis, a single integration point through which its partners can manage their products, inventory and sales channels, and obtain multi-channel fulfillment services through its distribution network. According to our OSTK split history records, Overstock.com has had 0 splits.
OSTK split history picture
Overstock.com (OSTK) has 0 splits in our OSTK split history database.

Looking at the OSTK split history from start to finish, an original position size of 1000 shares would have turned into 1000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Overstock.com shares, starting with a $10,000 purchase of OSTK, presented on a split-history-adjusted basis factoring in the complete OSTK split history. OSTK split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date:10/18/2011
End date:10/15/2021
Start price/share:$10.36
End price/share:$77.67
Dividends collected/share:$0.00
Total return:649.71%
Average Annual Total Return:22.32%
Starting investment:$10,000.00
Ending investment:$74,985.06
Years:10.00
Sours: https://www.splithistory.com/ostk/

Stock split overstock

Currency in USD

DateOpenHighLowClose*Adj Close**Volume
Oct 15, 202177.7980.2676.9577.6777.671,351,600
Oct 14, 202173.7176.4071.5376.4076.401,417,500
Oct 13, 202176.7977.1072.9973.8173.811,043,200
Oct 12, 202176.7077.9975.4276.9276.92686,400
Oct 11, 202178.2778.9475.7575.8775.87626,200
Oct 08, 202176.7178.4976.0978.2878.28712,200
Oct 07, 202175.3377.3874.9676.4176.41939,500
Oct 06, 202174.0075.2773.2374.3374.33578,600
Oct 05, 202174.0776.7574.0374.5774.57646,200
Oct 04, 202178.0078.8673.5073.8073.801,312,200
Oct 01, 202178.2380.5477.5878.9778.971,138,700
Sep 30, 202181.5482.1076.6477.9277.921,849,100
Sep 29, 202183.1083.9081.5381.7881.78941,200
Sep 28, 202183.2083.7080.4382.3282.321,543,200
Sep 27, 202180.9384.2679.8384.0384.031,320,600
Sep 24, 202177.5682.7277.3281.4181.411,691,400
Sep 23, 202176.0180.3475.5778.6178.611,672,400
Sep 22, 202172.2576.0972.2575.7175.711,189,000
Sep 21, 202172.0173.3470.8772.2672.26684,100
Sep 20, 202171.5072.6570.4771.9471.941,581,300
Sep 17, 202171.0075.0371.0073.7573.753,656,900
Sep 16, 202169.5572.5769.3970.4070.401,364,400
Sep 15, 202169.0070.4668.5270.2170.21739,700
Sep 14, 202170.9571.7069.1069.3969.39608,800
Sep 13, 202169.0971.0967.8270.7670.76860,000
Sep 10, 202170.1571.2068.8468.8668.86689,700
Sep 09, 202168.2171.3068.2169.9269.92728,500
Sep 08, 202170.1670.5567.5568.6468.64801,100
Sep 07, 202171.0072.1569.1570.3170.31928,000
Sep 03, 202170.7172.3869.2869.5169.51739,100
Sep 02, 202171.7472.1469.8070.6770.67880,000
Sep 01, 202172.1172.7570.7571.9571.95554,400
Aug 31, 202172.5473.1570.3172.1572.15897,900
Aug 30, 202174.3475.2071.8172.8572.85756,300
Aug 27, 202171.6773.5071.3873.4873.48495,600
Aug 26, 202172.5075.5171.2471.8271.82977,800
Aug 25, 202172.7475.1471.8273.2673.26883,400
Aug 24, 202171.9772.9770.5572.6572.65957,700
Aug 23, 202169.7571.8169.4670.9070.901,408,900
Aug 20, 202167.5770.2467.2769.5869.58901,300
Aug 19, 202168.2569.3666.7767.3667.361,189,600
Aug 18, 202169.8570.5867.8668.9168.911,012,700
Aug 17, 202168.4273.6568.4269.4669.461,663,000
Aug 16, 202172.0072.0068.1269.6069.601,147,900
Aug 13, 202172.9274.4271.1072.6672.661,185,600
Aug 12, 202169.3573.3269.2573.1373.131,509,700
Aug 11, 202170.1070.7567.7570.2670.261,006,600
Aug 10, 202170.6571.1969.0569.2469.241,027,600
Aug 09, 202168.6371.2967.4270.8270.821,345,000
Aug 06, 202169.1270.6267.3668.0568.051,041,700
Aug 05, 202166.2770.2565.9469.0069.001,756,700
Aug 04, 202167.7668.6765.0366.0066.001,899,000
Aug 03, 202167.7868.4766.1968.0668.061,852,400
Aug 02, 202170.0071.1467.5067.7567.752,161,600
Jul 30, 202170.6472.7769.5469.6469.641,958,700
Jul 29, 202170.6577.4567.7772.7772.774,266,100
Jul 28, 202178.8979.3674.8075.3575.352,102,300
Jul 27, 202182.5082.9575.7178.1578.151,849,700
Jul 26, 202184.1686.6082.1582.6882.681,243,700
Jul 23, 202182.9383.2580.7582.6382.63693,100
Jul 22, 202184.0584.4980.9083.1183.11824,700
Jul 21, 202183.6885.6482.8184.5184.511,281,400
Jul 20, 202182.3283.9679.3682.5082.501,225,000
Jul 19, 202180.0582.8776.8481.4181.411,683,000
Jul 16, 202186.8886.8881.4681.6381.631,595,200
Jul 15, 202187.0288.0582.6586.3386.332,188,600
Jul 14, 202196.8597.3586.6387.0787.072,531,400
Jul 13, 202195.50102.7594.5096.7096.702,158,200
Jul 12, 202197.1398.1492.1096.0596.051,539,500
Jul 09, 202189.0797.4089.0097.3797.372,120,600
Jul 08, 202187.8592.2086.6689.9089.901,941,000
Jul 07, 202189.4789.6585.0685.9985.991,037,900
Jul 06, 202188.5489.4085.3688.6688.66878,100
Jul 02, 202190.6590.9187.2287.9487.94909,400
Jul 01, 202193.3293.8989.1390.2890.28948,600
Jun 30, 202196.9097.2292.0092.2092.201,444,600
Jun 29, 202195.8798.8995.3597.5497.54989,900
Jun 28, 202193.6999.1893.6296.6696.661,153,100
Jun 25, 202194.10101.0093.0093.4393.432,973,900
Jun 24, 202191.5094.5690.8193.1693.161,182,400
Jun 23, 202187.4593.4087.0791.3091.301,868,000
Jun 22, 202184.5287.7782.3687.0387.031,025,500
Jun 21, 202187.4887.4883.6384.9084.90913,400
Jun 18, 202189.4989.8085.4286.8186.81921,800
Jun 17, 202187.2791.0887.0489.1489.14962,000
Jun 16, 202188.3489.6586.7488.7188.71902,900
Jun 15, 202189.5289.5586.2088.5488.54824,900
Jun 14, 202191.1091.7888.3689.4289.421,024,700
Jun 11, 202189.4592.5089.2590.1690.16785,200
Jun 10, 202192.2892.6688.7588.8988.89885,700
Jun 09, 202192.9594.3890.7491.2791.271,040,600
Jun 08, 202195.0095.3189.5392.1892.181,275,800
Jun 07, 202191.2995.0789.5093.7593.751,135,500
Jun 04, 202192.0092.6889.2990.4590.45805,300
Jun 03, 202190.3692.3388.6190.9390.931,508,100
Jun 02, 202187.6693.8585.4893.4593.452,064,800
Jun 01, 202186.0888.3183.8385.6685.661,319,400
May 28, 202188.9492.4785.1885.4385.431,806,100
May 27, 202185.9590.2585.0089.5489.542,024,300
May 26, 202179.1286.0579.1285.1385.132,063,700

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Sours: https://finance.yahoo.com/quote/OSTK/history/
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