BUZZ-Overstock.com rises as JAT Capital seeks strategic review of non-core assets

Reuters

2023-10-17

** Shares of online retailer Overstock.com rise 8.7% to $16.3

** JAT Capital Management in a letter to Overstock.com's board has urged a strategic review of the company's non-core assets, most notably its Medici portfolio

** The fund disclosed a 9.1% stake in Overstock.com as of Oct. 12, as per a SEC filing on Monday

** JAT may consider seeking representation on the company's board, if its recommendations are not acted upon, it said

** OSTK shares down 16% YTD

(Reporting by Vedant Vinayak Vichare in Bengaluru)

((vedant.vinayakvichare@thomsonreuters.com))

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