Why Overstock.com Inc. Shares Popped Today [The Motley Fool]
Overstock.com, Inc. (OSTK)
Last overstock.com, inc. earnings: 11/12 08:00 am
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Source: The Motley Fool
Plans to sell its retail segment and momentum surrounding blockchain names lifted shares of the e-commerce website. Steve Symington ( TMFSymington ) Dec 15, 2017 at 7:58PM What happened Shares of Overstock.com Inc. ( NASDAQ:OSTK ) jumped 11.1% on Friday, continuing a multi-day ascent on momentum surrounding businesses related to the cryptocurrency market. Note that bitcoin, arguably the most well-known cryptocurrency, popped as much as 9% today, setting a new all-time high of almost $18,000. Overstock has also skyrocketed in recent months -- including a more than 50% jump over the last five trading days -- thanks to excitement surrounding the involvement of its Medici Ventures subsidiary with advancing blockchain, the digital decentralized ledger underlying most cryptocurrencies. IMAGE SOURCE: GETTY IMAGES So what More specifically, earl
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