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Why Overstock.com Is Soaring 13% Today

TheMotleyFool

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Shares of Overstock.com (NASDAQ: OSTK) were soaring 13% higher in midday trading as the company announced it was a week away from issuing shareholders their digital dividend.

On April 27, the online marketplace will issue to shareholders one "digitally enhanced security" for each share of Overstock they own. The dividend will be kept in a digital wallet the investor obtains from Overstock's affiliated tZero blockchain capital market firm.

Image source: Getty Images.

Source Fool.com

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