Sunday, June 26, 2022

Monitoring Qurate Retail Inc. (QRTEA) after recent insider movements

Qurate Retail Inc.’s recent filing unveils that its Director GEORGE MICHAEL A unloaded Company’s shares for reported $1.6 million on Nov 01. In the deal valued at $10.64 per share,150,000 shares were sold. As a result of this transaction, GEORGE MICHAEL A now holds 1,812,929 shares worth roughly $ 6.02 million.


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Then, GEORGE MICHAEL A sold 150,000 shares, generating $1,563,270 in total proceeds. Upon selling the shares at $10.42, the Director now owns 1,962,929 shares.

Before that, GEORGE MICHAEL A sold 150,000 shares. Qurate Retail Inc. shares valued at $1,567,785 were divested by the Chief Executive Officer at a price of $10.45 per share. As a result of the transaction, GEORGE MICHAEL A now holds 2,112,929 shares, worth roughly $7.01 million.

While this happened, BofA Securities downgraded its Qurate Retail Inc. [QRTEA] rating to a Neutral from a a Buy in a research note published on Tuesday, February 28, 2022; the price target was decreased to $6.30 from $11.50. PT values the company’s stock at a premium of 47.3 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Citigroup also remained covering QRTEA and has decreased its forecast on December 15, 2020 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on November 06, 2020. It rated QRTEA as “a Neutral” which previously was an “an Underperform”.

Price Performance Review of QRTEA

On Tuesday, Qurate Retail Inc. [NASDAQ:QRTEA] saw its stock fall -0.30% to $3.32. On the same session, the stock had its day’s lowest price of $3.28, but rose to a high of $3.50. Over the last five days, the stock has gained 3.11%. Qurate Retail Inc. shares have fallen nearly -56.32% since the year began. Nevertheless, the stocks have fallen -70.79% over the past one year. While a 52-week high of $11.75 was reached on 01/12/22, a 52-week low of $2.90 was recorded on 05/06/22. SMA at 50 days reached $3.88, while 200 days put it at $6.95. A total of 5.95 million shares were traded, compared to the trading of 4.96 million shares in the previous session.

Levels Of Support And Resistance For QRTEA Stock

The 24-hour chart illustrates a support level at 3.23, which if violated will result in even more drops to 3.15. On the upside, there is a resistance level at 3.45. A further resistance level may holdings at 3.59. The Relative Strength Index (RSI) on the 14-day chart is 42.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.54%. Stochastics %K at 24.28% indicates the stock is a holding.

How much short interest is there in Qurate Retail Inc.?

A steep rise in short interest was recorded in Qurate Retail Inc. stocks on Apr 28, 2022, growing by 0.63 million shares to a total of 26.08 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 25.45 million shares. There was a rise of 2.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.57.

Qurate Retail Inc. [QRTEA] – Who Are The Largest Shareholders?

In filings from Dodge & Cox, it is revealed that the company now owns 50,793,323 shares, or roughly 13.59% of the outstanding QRTEA shares. In other words, the investor’s shares have fallen by -662,422 from its previous 13-F filing of 51455745.0. Additionally, The Vanguard Group, Inc. increased 0.40% of its stake after which the total value it holdings stand at $120,753,208, while FPR Partners LLC reduced 0.00% of its stake to hold $71.09 million in the firm. Over the last quarter, Columbia Management Investment Ad sold -1,037,297 shares of Qurate Retail Inc., while Dimensional Fund Advisors LP sold 98,285 shares. At present, Lyrical Asset Management LP is holding 13,502,667 shares valued at $48.74 million. BlackRock Fund Advisors owned 12,837,760 shares of the company at the time of its most recent 13F filing, worth $46.34 million.

According to FactSet, Qurate Retail Inc.’s share price will average $4.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.12 percent from its previous closing price of $3.33. Analysts expect Qurate Retail Inc. stock to reach the higher price of $4.20, while the lowest price estimate is $4.00. However, 3 analysts have rated QRTEA stock as a Hold in their predictions for 2022.

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