By Kathryn HardisonOverstock.com Inc. shares rose 2.7% to $31.83 during after-hours trading on Tuesday after Simcoe Capital Management LLC reported a 5.7% stake in the internet retailer. Simcoe Capital Management, a New York-based financial institution, and its affiliates disclosed ownership of 2,440,085 shares of Overstock.com, which the group purchased for a total $97.2 million, according to a 13D filing with the U.S. Securities and Exchange Commission.

Source: Wall Street Journal June 01, 2022 04:00 UTC