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What Made Overstock Shares Go Higher Today

TheMotleyFool

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What Made Overstock Shares Go Higher Today

Shares of Overstock (NASDAQ: OSTK) rose once again on Tuesday, after rival Wayfair (NYSE: W) reported impressive first-quarter 2020 earnings. At the close of trading, Overstock shares were up 8.5%.

Investors have piled into these e-commerce furniture retailers in recent weeks. The following chart stretches credulity by displaying the stock performance of Wayfair and Overstock just since March 18, a mere seven weeks ago.