|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||21.07 - 22.47|
|52 Week Range||12.33 - 66.75|
|Beta (3Y Monthly)||2.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 13, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.50|
NEW YORK, Feb. 12, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Following the announcement on January 24, 2019 by tZERO Group, Inc., a global leader in blockchain innovation for capital markets and majority-owned subsidiary of Overstock.com, Inc. (OSTK), regarding the commencement of trading of tZERO security tokens on the tZERO platform, a technology solution for trading digital securities, tZERO provides further information regarding the key events and efforts that led up to this important milestone. As previously announced, the platform now enables accredited investors to trade tZERO security tokens with other accredited investors through a digital securities brokerage account with the introducing broker-dealer, Dinosaur Financial Group, LLC. Trades are executed on the alternative trading system (ATS) operated by tZERO subsidiary PRO Securities, LLC.
Overstock.com, Inc. (OSTK) announced its blockchain-meets-property rights subsidiary, Medici Land Governance has signed a Memorandum of Understanding (MOU) with the municipality of Tulum in Quintana Roo, Mexico to develop a digital land records platform. According to the terms of the MOU, Medici Land Governance (MLG) and Tulum officials will work together to collect real property ownership information for a defined area of Tulum Municipality to protect the land rights of its citizens, resulting in a mass issuance of certificates of title to land and related processes.
Why Overstock Rose 16.3% in the Last Trading SessionStock movementOn January 25, Overstock (OSTK) stock rose 16.3%. The company announced that the secondary market went live for tZERO security tokens. Overstock added that Dinosaur Financial
tZERO, the global leader in blockchain innovation for capital markets, announced today that secondary trading of tZERO security tokens is now live. Accredited investors can now trade tZERO security tokens with other accredited investors through a digital securities brokerage account at Dinosaur Financial Group, LLC, which will act as the introducing broker-dealer.
Dr. Patrick M. Byrne, CEO and founder of Overstock.com, Inc. (OSTK), shared his vision of how blockchain technology will allow for the building of a “tech stack for civilization” in a keynote speech at the recent North American Bitcoin Conference in Miami. Additionally, Byrne, who is also the executive chairman of tZERO, the global leader in blockchain innovation for capital markets, discussed the patented technological architecture of tZERO’s blockchain-based securities trading platform while commenting on the status and timing of the platform’s launch. In 2014, Overstock founded Medici Ventures, its wholly-owned subsidiary focused on applying blockchain technologies to existing industries to eliminate middlemen, democratize capital, and rehumanize commerce.
In 1999 Patrick Byrne was appointed CEO of Overstock.com, Inc. (NASDAQ:OSTK). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Read More...
Buffett and Munger Called the Pop of the Bitcoin Bubble ## Bitcoin Cryptocurrencies have been one of the most talked-about subjects among investors in the last couple of years. Until the end of 2017, all looked well with the world’s largest cryptocurrency, bitcoin, as it surged nearly 1,340% that year. It was the third consecutive year that bitcoin yielded a solid positive return, which caught the attention of even those investors who previously used to call it worthless. Last year, billionaire investors Warren Buffett and Charlie Munger warned about the cryptocurrencies (GBTC) bubble, which seems to have been bursting lately. Let’s take a closer look. ## Buffett and Munger on bitcoin bubble During a CNBC interview about a year ago, Berkshire Hathaway chair and CEO Buffett said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending, when it happens or how or anything else, I don’t know.” He showed his confidence in his opinion by adding, “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.” Later in May 2018, Buffett’s long-time friend and Berkshire’s vice chair, Charlie Munger, went a step further. Munger called bitcoin “worthless, artificial gold.” He added, “that is not something I think the world needs.” ## And they were right After yielding solid returns in 2017, bitcoin tanked over 73% in 2018. On Tuesday, it was trading below $4,000 with nearly 10% losses for the session. In the last few years, many chipmakers (SPY) like Advanced Micro Devices (AMD), NVIDIA (NVDA), and Intel (INTC) have invested in chips used for cryptocurrency mining. In the fourth quarter of 2018, AMD, NVDA, and INTC lost 40.2%, 52.5%, and 0.8%, respectively. During the same period, other US stocks such as Microsoft (MSFT), Overstock (OSTK), PayPal (PYPL), Square (SQ), Visa (V), Apple (AAPL), and Goldman Sachs (GS) also fell 11.2%, 51.0%, 4.3%, 43.3%, 12.1%, 30.1%, and 25.5%, respectively.
Can Etsy’s Good Run Continue in 2019? ## Goldman Sachs raises Etsy to “buy.” On January 4, Etsy (ETSY) stock surged ~8.0% and closed trading at $49.70 as Goldman Sachs revised its rating on the stock to “buy” from “neutral.” Also on January 4, overall markets were on the rise—mainly due to robust US jobs data for December. Both the S&P 500 and Dow Jones were up 3.4% and 3.3%, respectively, on January 4. Etsy stock has had a remarkable 2018 with the stock surging as much as 132.6% in 2018. In January so far, the stock has risen 4.5%. The strong financial performance and its formidable position in the online handicrafts market are driving its stock price. Etsy’s top-line growth is being driven by strategic measures (including cost cuts and a focus on the mobile platform) and its recent increases in seller fees. These strategic efforts are pushing the company in the right direction, causing analysts to be bullish on Etsy. About 67.0% of the 12 analysts covering Etsy stock have given it “buy” ratings as of January 4. The remaining 33% have given it “hold” ratings. Etsy’s mean target price is $56.83, which indicates a potential 14.4% upside, given its price on January 4. ## What’s Wall Street saying about Etsy’s peers? In comparison, for Overstock (OSTK), all three analysts covering the stock have provided “buy” recommendations. Overstock’s mean target price is $66.50, which indicates a potential 366.3% upside to its stock price on January 4. For Wayfair (W) 38.0% of the 24 analysts covering the stock have given it “buy” recommendations. Another 58.0% of analysts have given it “hold” ratings. Wayfair’s mean target price is $117.20, which indicates a potential 30.1% upside. Among Etsy’s larger peers, for Amazon (AMZN), 94.0% of the 47 analysts covering the stock gave it a “buy” rating. Just 4.0% of analysts have given it “hold” ratings. Amazon’s mean target price is $2,130.20, which indicates a potential 35.2% potential upside. Continue to Next Part Browse this series on Market Realist: * Part 2 - Will Etsy’s Strategic Efforts Keep Driving Its Top Line in 2019? * Part 3 - Comparing Etsy’s PE with Its Peers’
Online retailer Overstock.com (NASDAQ:OSTK) announced that it will pay a portion of its Ohio state business taxes in Bitcoin (BTC-USD), starting from this year. By paying taxes in Bitcoin, Overstock will be become the first major U.S. company to use Bitcoin for tax payment purpoases. Overstock Bitcoin Tax Payment The retailer will pay its commercial […] The post Overstock.com to Become First Major Firm to Pay Taxes in Bitcoin appeared first on Market Exclusive.
Here is what happened in the cryptocurrency market over the weekend. SEE: ACCIONA Uses Blockchain to Trace Renewable Electricity Generation SEE: Canadian Crypto Exchange Coinsquare Launches into European Union In the News IBM (NYSE: IBM) CEO Ginni Rometty will deliver the opening keynote address at CES 2019 on Tuesday, Jan. 8 on what is next […] The post Bitcoin News Crypto Currency Weekend Roundup January 6 appeared first on Market Exclusive.
Leading online retailer and blockchain technology pioneer Overstock.com, Inc. (OSTK) announced today that it will become the first major U.S. company to pay a portion of its Ohio state business taxes in bitcoin using the state’s new cryptocurrency taxpayer platform, OhioCrypto.com. Overstock plans to pay its commercial activity taxes (CAT) in Ohio this February using the recently-launched OhioCrypto.com platform, which allows taxpayers to pay state business taxes with bitcoin. Ohio is the first U.S. state to offer a cryptocurrency payment system for state business taxes.
Ryan McQueeney and Maddy Johnson discuss the week's wild movements in the stock market and look back upon the retail industry's top stories of 2018.
In the trailing 11 quarters, Wayfair (W) has missed EPS estimates seven times and beaten estimates in the remaining quarters.
Over the trailing 11 quarters, Wayfair (W) has beaten top-line estimates ten times, missing estimates just once. Wayfair beat analysts’ projections for all three quarters of 2018. On a year-over-year basis, revenue rose 46.2%, 47.4%, and 42.4%, respectively, in the first three quarters of 2018.
Overstock.com (NASDAQ:OSTK) blockchain subsidiary Medici Land Governance has agreed to build a blockchain-based land records and information platform for a Wyoming country. Medici Land, which focuses on land administration, has signed a memorandum of understanding with Teton County to develop the blockchain-based platform in 2019. Blockchain-Powered Property and Land Information Platform Under the terms of […] The post This Wyoming County Is Creating Blockchain-Based Land Records Platform appeared first on Market Exclusive.
Blockchain technology is one of the hottest buzzwords among investors. Now, they’ll witness its power firsthand as the blockchain stock market era begins.
Here is what is happening in the cryptocurrency this weekend. SEE: SinglePoint Gives Projections On 2019 SEE: US Energy Initiatives Now Owns $5.1 Million Sumcoins In the News CoinNess, Asia’s largest crypto information provider, has launched the CNNS Partner Program, its global growth partner program. The company says that it will invest $5 million to […] The post Bitcoin News Cryptocurrency Weekend Roundup December 23 appeared first on Market Exclusive.
tZERO, the global leader in blockchain innovation for capital markets, announced today that Alan Konevsky has been appointed as its Chief Legal Officer (CLO). Konevsky, who was most recently a senior vice president at Mastercard, will oversee tZERO’s expanding legal, regulatory, public policy and compliance functions. Konevsky will lead tZERO’s in-house legal team, and will report to tZERO CEO, Saum Noursalehi.
Medici Ventures, the leading blockchain accelerator and subsidiary of Overstock.com, Inc., has conducted a digital securities token transfer representing its equity ownership in Portsmouth, New Hampshire-based Chainstone Labs. The digital security was issued by Chainstone Labs to Medici Ventures using the Ravencoin blockchain. Ravencoin is an open-source, public blockchain built to help users create and manage tokens and digital assets such as securities.