Benzinga | Aug 17, 2021 11:18AM EDT

Overstock.com Plans $100M Stock Buyback

* E-commerce home furnishings retailer Overstock.com Inc's (NASDAQ:OSTK) board has authorized a stock repurchase program of up to $100 million of its outstanding common stock.

* Overstock will fund repurchases through existing cash balances and cash generated from operations.

* The company held $537.6 million in cash and equivalents as of June 30, 2021.

* The repurchase program has a termination date of December 31, 2023.

* Price Action: OSTK shares are trading higher by 0.26% at $69.78 on the last check Tuesday.