Overstock.Com shares are trading higher following a report suggesting the company won an auction for the intellectual property and digital assets of Bed Bath & Beyond.
Portfolio Pulse from Benzinga Newsdesk
Overstock.com has reportedly won an auction for the intellectual property and digital assets of Bed Bath & Beyond, leading to a rise in its share price.

June 22, 2023 | 3:35 pm
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Overstock.com's shares are trading higher after winning an auction for Bed Bath & Beyond's intellectual property and digital assets.
Overstock.com's acquisition of Bed Bath & Beyond's intellectual property and digital assets is expected to strengthen its market position and potentially increase its revenue, leading to a positive short-term impact on its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100