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Investing in Qurate Retail Inc (QRTEA) Is Getting More Attractive

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Qurate Retail Inc’s recent filing unveils that its President/CEO Rawlinson David acquired Company’s shares for reported $65223.0 on May 22 ’24. In the deal valued at $0.72 per share,90,600 shares were bought. As a result of this transaction, Rawlinson David now holds 1,443,666 shares worth roughly $0.94 million.

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Then, Rawlinson David bought 9,400 shares, generating $6,655 in total proceeds. Upon buying the shares at $0.71, the President/CEO now owns 1,353,066 shares.

Before that, Wendling Brian J sold 20,000 shares. Qurate Retail Inc shares valued at $17,852 were divested by the CAO/PFO at a price of $0.89 per share. As a result of the transaction, Wendling Brian J now holds 20,000 shares, worth roughly $13000.0.

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 Friday, Qurate Retail Inc [NASDAQ:QRTEA] saw its stock fall -2.26% to $0.65. Over the last five days, the stock has lost -4.86%. Qurate Retail Inc shares have fallen nearly -25.84% since the year began. Nevertheless, the stocks have fallen -28.91% 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 05/23/24. SMA at 50 days reached $0.8118, while 200 days put it at $0.8357. A total of 14.45 million shares were traded, compared to the trading of 3.03 million shares in the previous session.

Levels Of Support And Resistance For QRTEA Stock

The 24-hour chart illustrates a support level at 0.6362, which if violated will result in even more drops to 0.6231. On the upside, there is a resistance level at 0.6712. A further resistance level may holdings at 0.6931. The Relative Strength Index (RSI) on the 14-day chart is 37.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0394, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.39%. Stochastics %K at 7.31% indicates the stock is a buying.

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