Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Simplifies equity capital structure by moving to a single class of stockSALT LAKE CITY, June 14, 2022 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading home furnishings e-commerce retailer, today announced it has completed the conversion of the company’s Digital Voting Series A-1 Preferred Stock (OSTKO) (the “Series A-1”) and Voting Series B Preferred Stock (OSTBP) (the “Series B”) into shares of the company’s common stock (NASDAQ: OSTK) (the “Conversion”). The Series A-1 and Seri
Shares of retailers Macy's (NYSE: M), Ulta Beauty (NASDAQ: ULTA), and Overstock.com (NASDAQ: OSTK) fell hard this week, down 18.4%, 15.5%, and 16.5% on the week, respectively, as of 1:38 p.m. ET today. None of these three stocks reported significant company-specific news this week, but bad earnings reports and outlooks from big-box retail bellwethers Walmart and Target decimated any and all retail names, these three included. This week, Walmart and Target both reported so-so revenue growth, but plummeting operating margins spooked investors.