QVC Group (NASDAQ:QVCGA) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of QVC Group Inc. (NASDAQ:QVCGA – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.43 and traded as high as $12.79. QVC Group shares last traded at $11.83, with a volume of 95,030 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on QVCGA. Weiss Ratings reissued a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 1st. Wall Street Zen raised QVC Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on QVC Group

QVC Group Stock Performance

The company has a 50-day moving average of $10.51 and a 200-day moving average of $7.50.

QVC Group (NASDAQ:QVCGA – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($9.89) earnings per share for the quarter. The business had revenue of $2.21 billion during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Permit Capital LLC purchased a new position in QVC Group in the 2nd quarter worth $412,000. Dakota Wealth Management purchased a new stake in QVC Group during the 2nd quarter valued at about $468,000. Wittenberg Investment Management Inc. acquired a new position in shares of QVC Group in the second quarter valued at about $237,000. Goldman Sachs Group Inc. purchased a new position in shares of QVC Group in the first quarter worth about $48,000. Finally, Investment Management Associates Inc. ADV purchased a new position in shares of QVC Group in the second quarter worth about $135,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

QVC Group Company Profile

(Get Free Report)

QVC Group, Inc engages in the business of video and online commerce industries. It operates through the following segments: QxH, QVC International and CBI. The QxH segment markets and sells a wide variety of consumer products in the U.S., primarily by means of its televised shopping programs and via the Internet through their websites and mobile applications.

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