Overstock approves $100 million stock buyback plan

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Overstock.com Inc.
OSTK,
-4.21%
announced board approval of a new $100 million stock buyback program on Tuesday. The program has a termination date of December 31, 2023 and could be extended, suspended or discontinued. Overstock shares have rallied 45% for the year to date while the S&P 500 index
SPX,
+0.26%
has gained 19.3% for the period.

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