QVC Group (NASDAQ:QVCGA) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• QVC Group (NASDAQ: QVCGA) shares have crossed above the 200-day moving average of $7.21, reaching a trading high of $14.87 before closing at $14.46.
• Weiss Ratings has reissued a "sell (d-)" rating on the stock, reflecting a generally negative outlook from Wall Street analysts, with an average rating of "Sell."
• Institutional investors and hedge funds own 64.10% of QVC Group's stock, indicating significant interest from larger financial entities.

QVC Group Inc. (NASDAQ:QVCGA - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.21 and traded as high as $14.87. QVC Group shares last traded at $14.46, with a volume of 39,985 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of QVC Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, QVC Group presently has an average rating of "Sell".

QVC Group Trading Down 2.2%

The company has a market cap of $116.69 million, a price-to-earnings ratio of -0.03 and a beta of 3.03. The stock has a 50 day moving average price of $10.24 and a two-hundred day moving average price of $7.21.

QVC Group (NASDAQ:QVCGA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $21.39 earnings per share (EPS) for the quarter. The firm had revenue of $2.24 billion for the quarter.

Hedge Funds Weigh In On QVC Group

A number of large investors have recently bought and sold shares of QVCGA. Bridgeway Capital Management LLC acquired a new position in shares of QVC Group during the 2nd quarter worth approximately $30,000. XTX Topco Ltd acquired a new position in shares of QVC Group in the second quarter valued at about $32,000. Simplify Asset Management Inc. acquired a new stake in QVC Group during the second quarter worth approximately $33,000. Qube Research & Technologies Ltd acquired a new stake in QVC Group during the second quarter worth about $37,000. Finally, Invesco Ltd. acquired a new position in shares of QVC Group during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 64.10% of the company's stock.

About QVC Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.