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Overstock -1.5% as founder Byrne sheds holdings

|About: Overstock.com, Inc. (OSTK)|By:, SA News Editor

Overstock.com (NASDAQ:OSTK) is down 1.5% after hours following the disclosure that founder Patrick Byrne has unloaded his entire stake.

Byrne unloaded 3.7M shares held indirectly through his High Plains Investments via sale and gift over the past three days.

And today he sold a remaining direct stake of 1,056,690 shares at an average price of $16.3183.

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