Overstock.com Rises More Than 8% (OSTK)

Overstock.com OSTK is flying higher on Monday. The stock has now gained 8.30% to $15.40 on heavy volume. The stock is benefitting from strong online sales trends over the weekend. More than 204,000 shares have already traded hands compared to a daily average of just over 150,000. OSTK trades at a trailing P/E of 30.46, a forward P/E of 31.85, and a PEG ratio of 1.40. The median Wall Street price target on this name is $14.50 with a high target of $15.00. Look for analyst upgrades soon, if the momentum in online sales numbers continues.