Overstock's wild ride continues as investors cry foul
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Quick Take
- Shortly after ex-Overstock CEO sold his shares for $90 million, management announced the departure of its CFO and lower guidance for 3Q19
- The strange sequence of events has led investors to question whether Byrne sold using insider information
Despite Patrick Byrne stepping down from his helm at Overstock over a month ago, the drama surrounding the name continues to play out like a soap opera. Following Byrne’s $90 million sell-off of company stock, the company has issued several disappointing press releases, leading many speculators to cry foul. Sequence of events: Sept. 16-18 Byrne […]
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