On Friday, Overstock.com (NASDAQ:OSTK) stock observed trading -78.29% off 52-week high price. On the other end, the stock has been noted -0.92% away from low price over the last 52-weeks. The stock disclosed a move of -19.43% away from 50 day moving average and -46.32% away from 200 day moving average. Moving closer, we can see that shares have been trading -23.41% off 20-day moving average. It has market cap of $267.51M.
On Feb. 25, 2020, Overstock.com (NASDAQ:OSTK) declared the appointment of Joel Weight as Chief Technology Officer for its leading retail shopping site. Weight is a nine-year veteran of Overstock’s family of companies, most recently serving as Chief Operations Officer at Medici Ventures, Overstock’s wholly owned subsidiary and blockchain accelerator.
Overstock’s roots began in 1999 as a technology innovator, leveraging the internet to create a convenient shopping experience for customers, said Jonathan Johnson, CEO of Overstock.com. Recently, Joel has been among the leaders in developing, integrating, and advancing blockchain in a variety of industries including supply chain, banking, and identity. His leadership and technical know-how have helped grow Medici Ventures’ keiretsu companies from the ground up.
We are thrilled to have Joel join the Overstock executive team, said Dave Nielsen, President of Overstock.com. Joel’s passion for building cutting-edge technology will help return the company to the innovative e-commerce leader that we have been known for throughout the years.
I first joined Overstock because of its history and longevity as a technology innovator in e-commerce, said Joel Weight, Chief Technology Officer at Overstock. Now, nearly a decade later, I’m thrilled to rejoin Overstock as CTO and am equally as excited to collaborate with a talented group of technologists in our retail business. I look forward to working together to explore new technologies, build up our existing systems, and continue Overstock’s legacy as an innovator.
The USA based company Overstock.com moved with change of -6.38% to $6.46 with the total traded volume of 2074736 shares in recent session versus to an average volume of 1.63M. The stock was observed in the 5 days activity at -30.24%. The one month performance of stock was -21.89%. OSTK’s shares are at -16.86% for the quarter and driving a -67.39% return over the course of the past year and is now at -8.37% since this point in 2018. Right now the stock beta is 2.2. The average volatility for the week and month was at 13.78% and 7.67% respectively. There are 41.41M shares outstanding and 36.58M shares are floated in market.