Qurate Retail (NASDAQ:QRTEP) Trading Down 2.6%

Qurate Retail, Inc. (NASDAQ:QRTEPGet Free Report) shares dropped 2.6% on Tuesday . The stock traded as low as $48.55 and last traded at $48.56. Approximately 54,200 shares were traded during trading, an increase of 18% from the average daily volume of 45,815 shares. The stock had previously closed at $49.85.

Qurate Retail Stock Performance

The firm has a 50 day moving average price of $48.24 and a two-hundred day moving average price of $41.25.

Qurate Retail Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $2.00 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 16.47%.

Institutional Trading of Qurate Retail

A hedge fund recently bought a new stake in Qurate Retail stock. Shikiar Asset Management Inc. acquired a new position in shares of Qurate Retail, Inc. (NASDAQ:QRTEPFree Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the company’s stock, valued at approximately $298,000.

About Qurate Retail

(Get Free Report)

Qurate Retail, Inc, together with its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications.

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