HomeEquities ScoreHere is why Qurate Retail Inc. (QRTEA) stock recovered from its early...

Here is why Qurate Retail Inc. (QRTEA) stock recovered from its early loss on Tuesday?

Qurate Retail Inc. (QRTEA) shares gained 0.37% in after-hours on Tuesday, August 17, 2021, and closed the daily trading at $10.73. In the regular trading session on Tuesday, QRTEA’s stock lost 0.19%. QRTEA shares have risen 62.93% over the last 12 months, and they have moved down 5.57% in the past week. Over the past three months, the stock has lost 17.39%, while over the past six months, it has declined 18.33%.

Let’s have a look at its recent news and developments.


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


>> 7 Top Picks for the Post-Pandemic Economy << 

QRTEA divided declaration

On August 17, 2021, the board of directors of Qurate Retail, Inc (QRTEA) declared the regular quarterly cash dividend payable to holders of its 8.0% Series A Cumulative Redeemable Preferred Stock. The per-share amount of the quarterly cash dividend will be $2.00, payable in cash on September 15, 2021, to stockholders of record of the Preferred Stock at the close of business on August 31, 2021.

Read More

QRTEA declared interest payments

On August 16, 2021, Qurate Retail, Inc. (QRTEA) announced the payment of semi-annual interest payment and regular additional distribution to the holders as of August 1, 2021, of the 3.75% Senior Exchangeable Debentures due 2030 issued by its wholly-owned subsidiary, Liberty Interactive LLC. The amount of the interest payment is $18.75 per $1,000 original principal amount of Debentures, and the amount of the additional distribution is $0.28730 per Debenture.

Zulily Pilot study findings

On August 10, 2021, Online retailer Zulily released findings from a first-of-its-kind pilot study, conducted by third-party researcher ENGINE, that used Artificial Intelligence (AI) to analyze human emotions through facial and linguistic expressions. The study shows exactly what motivates moms to plan, what they experience as a result and how others can learn positive behaviours that enable them to experience similar benefits.

Zulily, LLC is a wholly-owned subsidiary of Qurate Retail, Inc.

QRTEA recent financial results announcement

On August 06, 2021, Qurate Retail, Inc (QRTEA) announced its second-quarter 2021 results.

QRTEA Q2 2021 financial highlights

  • QRTEA reported revenue of $3.5 billion for Q2 2021 compared to $3.4 billion in Q2 2020.
  • Operating loss was $433 million in Q2 2021 compared to $405 million in Q2 2020.
  • Total Qurate Retail Adjusted OIBDA was $581 million in Q2 2021 compared to $565 million in Q2 2020.
  • Net income was $222 million compared to $220 million in Q2 2020.
  • GAAP, earning per share was $0.52 in Q2 2021 compared to $0.53 in Q2 2020.

    >> 7 Top Picks for the Post-Pandemic Economy << 

Conclusion

We have only one recent news which is the dividend declaration and that could be the reason behind its turnaround in the after-hours on Tuesday. We can expect it to perform well in the next trading sessions.

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here