Overstock.com Flying Today (OSTK)

Shares of Overstock.com OSTK are flying higher this morning on heavier than average volume. OSTK has gained 9.22% to $22.74 during morning trading. More than 328,000 shares have already changed hands compared to a daily average of 362,000. During the last three months, OSTK has gained 87.28%. The company now has a market cap of $523.60 million. The stock is now trading at a forward P/E of 22.26 and a PEG ratio of 1.11. Analysts are estimating that the company will earn $0.75 in 2010 and $1.02 in 2011. The median price target on the stock is $25.25.