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Qurate Retail Inc [NASDAQ: QRTEA] Sees Decrease in Stock Value

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 $65,223 were purchased by Rawlinson David on May 22 ’24. At $0.72 per share, Rawlinson David acquired 90,600 shares. The insider’s holdings grew to 1,443,666 shares worth approximately $1.03 million following the completion of this transaction.

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Also, Rawlinson David purchased 9,400 shares, netting a total of over 6,655 in proceeds. Following the buying of shares at $0.71 each, the insider now holds 1,353,066 shares.

Before that, Wendling Brian J had sold 20,000 shares from its account. In a trade valued at $17,852, the CAO/PFO traded Qurate Retail Inc shares for $0.89 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $14200.0.

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 drop of approximately -3.35%. Over the course of the year, Qurate Retail Inc shares have dropped approximately -18.70%. Shares of the company reached a 52-week high of $1.8000 on 02/28/24 and a 52-week low of $0.6334 on 05/23/24. A 50-day SMA is recorded $0.9038, while a 200-day SMA reached $0.8388. Nevertheless, trading volume fell to 2.68 million shares from 3.78 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 0.6949, which, if violated, would cause prices to drop to 0.6781. In the upper region, resistance lies at 0.7343. The next price resistance is at 0.7569. RSI (Relative Strength Index) is 40.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0054, which suggests the price will decrease in the coming days. Percent R is at 49.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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