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BofA Securities gives an Underperform recommendation for Qurate Retail Inc (QRTEA)

In a filing, Qurate Retail Inc revealed its CAO/PFO Wendling Brian J unloaded Company’s shares for reported $17852.0 on Nov 27 ’23. In the deal valued at $0.89 per share,20,000 shares were sold. As a result of this transaction, Wendling Brian J now holds 20,000 shares worth roughly $16400.0.

Then, ROMRELL LARRY E sold 1,204 shares, generating $34,383 in total proceeds. Upon selling the shares at $28.56, the Director now owns 0 shares.

Before that, Wendling Brian J sold 26,231 shares. Qurate Retail Inc shares valued at $16,526 were divested by the CAO/PFO at a price of $0.63 per share. As a result of the transaction, Wendling Brian J now holds 40,000 shares, worth roughly $32800.0.

BofA Securities downgraded its Qurate Retail Inc [QRTEA] rating to an Underperform from a a Neutral in a research note published on November 04, 2022; the price target was decreased to $1.20 from $4. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. BofA Securities began covering QRTEA with “Buy” recommendation on April 09, 2021. Citigroup revised its rating on December 15, 2020. It rated QRTEA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of QRTEA

On Tuesday, Qurate Retail Inc [NASDAQ:QRTEA] saw its stock fall -7.38% to $0.82. Over the last five days, the stock has lost -18.66%. Qurate Retail Inc shares have fallen nearly -6.17% since the year began. Nevertheless, the stocks have risen 3.13% over the past one year. While a 52-week high of $1.80 was reached on 02/28/24, a 52-week low of $0.40 was recorded on 01/04/24. SMA at 50 days reached $1.1494, while 200 days put it at $0.8627. A total of 7.05 million shares were traded, compared to the trading of 9.35 million shares in the previous session.

Levels Of Support And Resistance For QRTEA Stock

The 24-hour chart illustrates a support level at 0.7912, which if violated will result in even more drops to 0.7609. On the upside, there is a resistance level at 0.8787. A further resistance level may holdings at 0.9359. The Relative Strength Index (RSI) on the 14-day chart is 28.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1031, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.59%. Stochastics %K at 15.19% indicates the stock is a buying.

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