Qurate Retail (NASDAQ:QRTEP) Stock Price Down 1.9% – What’s Next?

Qurate Retail, Inc. (NASDAQ:QRTEP) was down 1.9% during mid-day trading on Wednesday . The stock traded as low as $36.80 and last traded at $36.90. Approximately 68,350 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 49,377 shares. The stock had previously closed at $37.60.

Qurate Retail Stock Performance

The stock’s 50 day moving average is $39.92 and its 200 day moving average is $41.11.

Qurate Retail Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $8.00 annualized dividend and a dividend yield of 21.88%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Qurate Retail stock. Shikiar Asset Management Inc. increased its position in shares of Qurate Retail, Inc. (NASDAQ:QRTEP) by 31.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,500 shares of the company’s stock after acquiring an additional 2,300 shares during the period. Shikiar Asset Management Inc.’s holdings in Qurate Retail were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

About Qurate Retail

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.