- Shares of Overstock.com fell to a three-year low in early trading
- JAT Capital Management disclosed a 9.1% stake in the company
- The stock bounced back after the disclosure was made
- Shares were up 9% at around noon
- JAT Capital has about 4.1 million shares of Overstock
- JAT Capital Master Fund LP has a 2.5% stake in the company
Shares of Overstock.com hit a three-year low in early trading but quickly rebounded after JAT Capital Management revealed a 9.1% stake in the company. The stock initially dropped to $14.68 but surged to $16.38 after the disclosure. Despite the recovery, shares are still down 15% year-to-date. JAT Capital, led by John Thaler, holds approximately 4.1 million shares of Overstock, with their private fund, JAT Capital Master Fund LP, owning 1.1 million shares, representing a 2.5% stake.
