Overstock.com Bristles At Investor Activism In Filing -- Market Talk

Dow Jones2023-11-01

1411 ET - Overstock.com, soon to be Beyond, is none too pleased with the demands of a major activist investor. The company says in its 10Q filing that responding to recent demands from stakeholder JAT Capital could disrupt its business and cast doubt on the direction of the company. DA Davidson analyst Tom Forte says in a research note that the reaction from the company is disappointing. The recommendations from JAT, such as adopting a longer-term business plan and making C-Suite compensation more stock-based, are seen as reasonable by Forte, and could be catalysts for currently weak shares. The stock rises 0.3% to $15.68. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

October 31, 2023 14:11 ET (18:11 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2380652242?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-01 02:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2380652242","market":"us","top_or_hot":-1,"title":"Overstock.com Bristles At Investor Activism In Filing -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1411 ET - <a href=\"https://laohu8.com/S/OSTK\">Overstock.com</a>, soon to be Beyond, is none too pleased with the demands of a major activist investor. The company says in its 10Q filing that responding to recent demands from stakeholder JAT Capital could disrupt its business and cast doubt on the direction of the company. DA Davidson analyst Tom Forte says in a research note that the reaction from the company is disappointing. The recommendations from JAT, such as adopting a longer-term business plan and making C-Suite compensation more stock-based, are seen as reasonable by Forte, and could be catalysts for currently weak shares. The stock rises 0.3% to $15.68. (ben.glickman@wsj.com; @benglickman) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2023 14:11 ET (18:11 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Overstock.com Bristles At Investor Activism In Filing -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOverstock.com Bristles At Investor Activism In Filing -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-01 02:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>1411 ET - Overstock.com, soon to be Beyond, is none too pleased with the demands of a major activist investor. The company says in its 10Q filing that responding to recent demands from stakeholder JAT...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2380652242","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2380652242","pubTimestamp":1698775860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1411 ET - Overstock.com, soon to be Beyond, is none too pleased with the demands of a major activist investor. The company says in its 10Q filing that responding to recent demands from stakeholder JAT Capital could disrupt its business and cast doubt on the direction of the company. DA Davidson analyst Tom Forte says in a research note that the reaction from the company is disappointing. The recommendations from JAT, such as adopting a longer-term business plan and making C-Suite compensation more stock-based, are seen as reasonable by Forte, and could be catalysts for currently weak shares. The stock rises 0.3% to $15.68. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BYON":"BEYOND","BK4178":"家庭装饰零售","BK4122":"互联网与直销零售","BK4585":"ETF&股票定投概念"},"translate_title":"Overstock.com对投资者在备案中的激进主义感到愤怒——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYON":1,"OSTK":1},"content_text":"1411 ET - Overstock.com, soon to be Beyond, is none too pleased with the demands of a major activist investor. The company says in its 10Q filing that responding to recent demands from stakeholder JAT Capital could disrupt its business and cast doubt on the direction of the company. DA Davidson analyst Tom Forte says in a research note that the reaction from the company is disappointing. The recommendations from JAT, such as adopting a longer-term business plan and making C-Suite compensation more stock-based, are seen as reasonable by Forte, and could be catalysts for currently weak shares. The stock rises 0.3% to $15.68. (ben.glickman@wsj.com; @benglickman) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 31, 2023 14:11 ET (18:11 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2380652242"}