What's Going On With Overstock.com Shares Wednesday?
Portfolio Pulse from Erica Kollmann
Overstock.com's shares are trading higher following the approval of its $21.5 million acquisition of Bed Bath & Beyond's brand name, business data, and digital assets. The acquisition was made through a bankruptcy-run auction. Overstock.com's shares have risen by 27% over the past three months.
June 28, 2023 | 4:44 pm
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POSITIVE IMPACT
Overstock.com's acquisition of Bed Bath & Beyond's assets has been approved, leading to a rise in its share price. The stock has seen a 27% increase over the past three months.
The approval of Overstock.com's acquisition of Bed Bath & Beyond's assets has been positively received by the market, leading to a rise in its share price. This, coupled with the stock's recent upward momentum, suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100