A Director at Overstockcom (NASDAQ: OSTK) is Buying Shares

By Carrie Williams

Today, a Director at Overstockcom (OSTKResearch Report), Joseph Tabacco, bought shares of OSTK for $418K.

This recent transaction increases Joseph Tabacco’s holding in the company by 153.65% to a total of $1.02 million. In addition to Joseph Tabacco, 2 other OSTK executives reported Buy trades in the last month.

See today’s analyst top recommended stocks >>

Currently, Overstockcom has an average volume of 2.77M.

Starting in September 2018, OSTK received 12 Buy ratings in a row.

In the last 30 days, insiders have sold $10.73M worth of OSTK shares and purchased $418K worth of OSTK shares. The insider sentiment on Overstockcom has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Joseph Tabacco’s trades have generated a -26.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Overstock.com, Inc. operates on online shopping commercial site. The firm also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and Other. The Retail Segment engages in e-commerce sales through its website.