Overstock.com Inc
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Company profile

Overstock.com Inc. is an online retailer and technology company. The Company’s e-commerce Website sells a broad range of new home products at low prices, including furniture, decor, rugs, bedding, home improvement and more. Its online shopping site also features a marketplace providing customers access to products from third-party sellers. Its segments include Retail, tZERO Group, Inc. (tZERO) and Medici Ventures (MVI). It sells its products and services through its Internet websites located at www.overstock.com, www.o.co and www.o.biz. The Company, through its wholly-owned subsidiary, Medici Ventures, Inc., which operates through tZERO, is a financial technology company. tZERO is focused on developing and commercializing financial applications of blockchain technologies, primarily the development and adoption of digital securities.

This security is a preferred stock
Closing Price
$45.00
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
1,670
0

Ideanomics' stock soars on heavy volume after order for 200 EVs in China

1:49 pm ET June 22, 2020 (MarketWatch)
Print

Shares of Ideanomics Inc. (IDEX) soared 53% toward a 19-month high in very active afternoon trading Monday, after the facilitator of the adoption of electric vehicles (EVs) announced an order for 200 EVs in China. Trading volume was 291.2 million shares, compared with the full-day average of about 23.8 million shares, and enough to make the stock the most actively traded on major U.S. exchanges. The company said its Mobile Energy Global (MEG) subsidiary secured the order, which was valued at RMB24 million ($3.2 million), or about $16,000 per vehicle. The company said the order will be filled with Dongfeng Liuzhou S50EV models, with delivery of the vehicles to Neijiang City expected to be completed in mid-July. The stock, which is on track to close at the highest level since November 2018, has rocketed 6-fold (up 506%) over the past three months, while shares of EV rivals Tesla Inc. (TSLA) have rallied 134% and Nio Inc. (NIO) have climbed 216% over the same time, and the S&P 500 has gained 35%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 22, 2020 13:49 ET (17:49 GMT)

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