Overstock.com Plans $100M Stock Buyback

E-commerce home furnishings retailer Overstock.com Inc's OSTK board has authorized a stock repurchase program of up to $100 million of its outstanding common stock.
Overstock will fund repurchases through existing cash balances and cash generated from operations.
The company held $537.6 million in cash and equivalents as of June 30, 2021.
The repurchase program has a termination date of December 31, 2023.
Price Action: OSTK shares are trading higher by 0.26% at $69.78 on the last check Tuesday.

Posted In:

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.