KD Logo

Qurate Retail Inc (QRTEA) receives an Underperform rating from BofA Securities

Qurate Retail Inc’s recently made public that its Chief Legal/Admin Officer Wilm Renee L unloaded Company’s shares for reported $73808.0 on Sep 12 ’24. In the deal valued at $0.97 per share,75,789 shares were sold. As a result of this transaction, Wilm Renee L now holds 0 shares worth roughly $0.0.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Rawlinson David bought 90,600 shares, generating $65,223 in total proceeds. Upon buying the shares at $0.72, the President/CEO now owns 1,443,666 shares.

Before that, Rawlinson David bought 9,400 shares. Qurate Retail Inc shares valued at $6,655 were divested by the President/CEO at a price of $0.71 per share. As a result of the transaction, Rawlinson David now holds 1,353,066 shares, worth roughly $0.8 million.

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 jump 0.36% to $0.59. Over the last five days, the stock has lost -13.83%. Qurate Retail Inc shares have fallen nearly -32.94% since the year began. Nevertheless, the stocks have risen 17.42% 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 09/10/24. SMA at 50 days reached $0.5906, while 200 days put it at $0.8244.

Levels Of Support And Resistance For QRTEA Stock

The 24-hour chart illustrates a support level at 0.5704, which if violated will result in even more drops to 0.5538. On the upside, there is a resistance level at 0.6018. A further resistance level may holdings at 0.6166. The Relative Strength Index (RSI) on the 14-day chart is 48.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0227, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.34%. Stochastics %K at 35.43% indicates the stock is a holding.

How much short interest is there in Qurate Retail Inc?

A steep rise in short interest was recorded in Qurate Retail Inc stocks on 2024-09-30, dropping by -0.11 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.72 million shares. There was a decline of -2.45%, which implies that there is a negative sentiment for the stock.

Most Popular