Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qurate Retail Inc shares valued at $73,808 were sold by Wilm Renee L on Sep 12 ’24. At $0.97 per share, Wilm Renee L sold 75,789 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Rawlinson David purchased 90,600 shares, netting a total of over 65,223 in proceeds. Following the buying of shares at $0.72 each, the insider now holds 1,443,666 shares.
Before that, Rawlinson David had added 9,400 shares to its account. In a trade valued at $6,655, the President/CEO bought Qurate Retail Inc shares for $0.71 each. Upon closing the transaction, the insider’s holdings increased to 9,400 shares, worth approximately $0.76 million.
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 5.64%. Over the course of the year, Qurate Retail Inc shares have dropped approximately -36.04%. Shares of the company reached a 52-week high of $1.8000 on 02/28/24 and a 52-week low of $0.4759 on 09/10/24. A 50-day SMA is recorded $0.5679, while a 200-day SMA reached $0.7975. Nevertheless, trading volume fell to 1.55 million shares from 1.47 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 0.5455, which, if violated, would cause prices to drop to 0.5311. In the upper region, resistance lies at 0.5722. The next price resistance is at 0.5845. RSI (Relative Strength Index) is 48.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0008, which suggests the price will decrease in the coming days. Percent R is at 48.58%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
