Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • AUD/USD

    0.6501
    +0.0012 (+0.18%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.94
    -0.42 (-0.50%)
     
  • GOLD

    2,326.70
    -15.40 (-0.66%)
     
  • Bitcoin AUD

    102,052.41
    +304.88 (+0.30%)
     
  • CMC Crypto 200

    1,432.89
    +8.79 (+0.62%)
     

Why Overstock.com Shares Jumped This Week

Why Overstock.com Shares Jumped This Week

The rally in the stock was sparked by the company's improving operating trends even as consumer demand in its core home furnishings segment shrinks. On Thursday, Overstock announced its first-quarter results. Sales fell by 29%, and the company posted a slight net loss as demand continued to contract following soaring sales during the pandemic.