Qurate Retail Inc. [QRTEA] CAO/PFO makes an insider purchase of 15,732 shares worth 49875.0.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qurate Retail Inc. shares valued at $49,875 were sold by Wendling Brian J on Aug 30. At $3.17 per share, Wendling Brian J sold 15,732 shares. The insider’s holdings dropped to 59,584 shares worth approximately $0.14 million following the completion of this transaction.

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Also, Wendling Brian J sold 9,268 shares, netting a total of over 29,662 in proceeds. Following the sale of shares at $3.20 each, the insider now holds 75,316 shares.

Before that, GEORGE MICHAEL A had sold 150,000 shares from its account. In a trade valued at $1,595,910, the Director traded Qurate Retail Inc. shares for $10.64 each. Upon closing the transaction, the insider’s holdings decreased to 150,000 shares, worth approximately $4.13 million.

As published in a research note from BofA Securities on February 28, 2022, Qurate Retail Inc. [QRTEA] has been rated down from a Buy to a Neutral and the price target has been revised to $6.30 from $11.50. This represents a 63.81% premium over Thursday’s closing price. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of December 15, 2020, Citigroup has decreased its “Buy” rating to a “Neutral” for QRTEA. Earlier on November 06, 2020, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for QRTEA stock which previously was a “an Underperform”.

Analyzing QRTEA’s Price Performance

On Thursday, Qurate Retail Inc. [NASDAQ: QRTEA] plunged -2.98% to $2.28. The stock’s lowest price that day was $2.25, but it reached a high of $2.38 in the same session. During the last five days, there has been a drop of approximately -14.93%. Over the course of the year, Qurate Retail Inc. shares have dropped approximately -70.00%. Shares of the company reached a 52-week high of $8.16 on 01/12/22 and a 52-week low of $2.09 on 07/14/22. A 50-day SMA is recorded $3.04, while a 200-day SMA reached $4.74. Nevertheless, trading volume fell to 3.47 million shares from 3.3 million shares the previous day.

Support And Resistance Levels for Qurate Retail Inc. (QRTEA)

According to the 24-hour chart, there is a support level at 2.23, which, if violated, would cause prices to drop to 2.17. In the upper region, resistance lies at 2.36. The next price resistance is at 2.43. RSI (Relative Strength Index) is 28.93 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 96.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Qurate Retail Inc. subject to short interest?

Stocks of Qurate Retail Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 4.82 million shares to 23.2 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 18.38 million shares. A jump of 20.78% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.28 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.28.

Which companies own the most shares of Qurate Retail Inc. (QRTEA)?

According to Dodge & Cox filings, the company currently owns 49,701,086 shares, which is about 13.30% of the total QRTEA shares outstanding. The investor’s shares have plunged by -1,092,237 from its previous 13-F filing of 50793323.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $103,286,150. BlackRock Fund Advisors acquire a 66.47% interest valued at $66.25 million while FPR Partners LLC purchased a 210,000 stake. A total of -548,203 shares of Qurate Retail Inc. were bought by Columbia Management Investment Ad during the quarter, and 9,929,057 were bought by AQR Capital Management LLC. In its current portfolio, Dimensional Fund Advisors LP holds 13,511,987 shares valued at $41.89 million.

In terms of Qurate Retail Inc. share price expectations, FactSet research, analysts set an average price target of $3.87 in the next 12 months, up nearly 70.21% from the previous closing price of $2.35. Analysts anticipate Qurate Retail Inc. stock to reach $4.00 by 2022, with the lowest price target being $3.60. On April 21, 2020, UBS assigned a price target of “a Neutral” to the stock and downgraded coverage with a $9.


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