Overstock.com Plans $100M Stock Buyback

by Shivani Kumaresan, Benzinga Staff Writer

August 17, 2021 11:17 AM | 28 seconds read

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.

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