Why Overstock Continued Its 500% Climb With Another 15% Gain on Wednesday
Shares of e-commerce company Overstock (NASDAQ: OSTK) are getting used to going up in recent weeks, and Wednesday was no exception. The stock closed 15% higher for the day, much of which came during afternoon trading.
It's hard to say what exactly is causing the stock to continue spiking, but there's one factor investors should consider. It's just a theory, but it's possible Overstock's upcoming digital dividend has sparked a short squeeze of the stock.
Image source: Getty Images.
Source Fool.com
