Overstock.Com 13D Filing Shows JAT Capital Mgmt LP Reported A 9.1% Stake In Co As Of October 12; Says "Believe Overstock.Com Securities, When Purchased, Were Undervalued And Represent Attractive Long-Term Investment Opportunity"
Portfolio Pulse from Benzinga Newsdesk
JAT Capital Management LP has reported a 9.1% stake in Overstock.com, according to a 13D filing. The firm believes that Overstock.com securities were undervalued when purchased and represent an attractive long-term investment opportunity.
October 16, 2023 | 2:05 pm
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POSITIVE IMPACT
JAT Capital Management LP's 9.1% stake in Overstock.com could potentially increase investor confidence in the company, as the firm believes the securities were undervalued.
JAT Capital Management LP's stake in Overstock.com and their belief in the company's undervalued securities could potentially attract more investors, leading to a rise in the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100