Since peaking at an all-time high of $122.32 in mid-August, shares of Overstock (OSTK) have retreated by more than 40%. However, it is worth remembering that even after the significant pullback, shares are up by an incredible 908% year-to-date, as the online retailer has made the most of the rise of e-commerce during the pandemic.Heading into this week’s earnings (Thursday, October 29), Needham analyst Rick Patel believes the signs point to another robust display in Q3.Patel expects a “continuation of strong sales growth,” and further said, “While we believe the market already anticipates a q/q deceleration vs an exceptional 2Q, …read more
Source:: Yahoo Finance
