Taking a look at what insiders are doing to gauge the Qurate Retail Inc (QRTEA)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Qurate Retail Inc shares valued at $17,852 were sold by Wendling Brian J on Nov 27 ’23. At $0.89 per share, Wendling Brian J sold 20,000 shares. The insider’s holdings dropped to 20,000 shares worth approximately $25400.0 following the completion of this transaction.

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Also, ROMRELL LARRY E sold 1,204 shares, netting a total of over 34,383 in proceeds. Following the sale of shares at $28.56 each, the insider now holds 0 shares.

Before that, Wendling Brian J had sold 26,231 shares from its account. In a trade valued at $16,526, the CAO/PFO traded Qurate Retail Inc shares for $0.63 each. Upon closing the transaction, the insider’s holdings decreased to 26,231 shares, worth approximately $50800.0.

As published in a research note from BofA Securities on November 04, 2022, Qurate Retail Inc [QRTEA] has been rated down from a Neutral to an Underperform and the price target has been revised to $1.20 from $4. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of April 09, 2021, BofA Securities has initiated its “Buy” rating for QRTEA. Earlier on December 15, 2020, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for QRTEA stock which previously was a “a Buy”.

Analyzing QRTEA Stock Performance

During the last five days, there has been a surge of approximately 4.96%. Over the course of the year, Qurate Retail Inc shares have jumped approximately 45.06%. Shares of the company reached a 52-week high of $1.8000 on 02/28/24 and a 52-week low of $0.7880 on 01/04/24. A 50-day SMA is recorded $1.0190, while a 200-day SMA reached $0.8490. Nevertheless, trading volume fell to 2.18 million shares from 1.73 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 1.2301, which, if violated, would cause prices to drop to 1.1902. In the upper region, resistance lies at 1.3298. The next price resistance is at 1.3896. RSI (Relative Strength Index) is 56.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0360, which suggests the price will decrease in the coming days. Percent R is at 88.33%, 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 steep in short interest on Feb 29, 2024 dropping by -0.4 million shares to 6.19 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 6.59 million shares. A decline of -6.46% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) decline to 1.8.

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