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Why Overstock.com Stock Skyrocketed 165.9% in July

TheMotleyFool

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Why Overstock.com Stock Skyrocketed 165.9% in July

Shares of Overstock.com (NASDAQ: OSTK) soared 165.9% in July, according to data from S&P Global Market Intelligence. The e-commerce company's valuation climbed due to favorable analyst coverage amid data suggesting strong momentum for online retail sales, and the stock saw a pronounced late-month jump after the company published its second-quarter results.