Qurate Retail(NASDAQ:QRTEA,QRTEB) is making news on Wednesday as its stock continues to climb higher, but what exactly is behind this movement?
It looks like a large part of the positive movement comes from anEx-dividend going out today. The company initially announced today as the planned date for its distribution in late August.
It’s also worth noting that QRTEA stock is soaring higher following an update from an analyst. Citi analyst Jason Bazinet set a new price target of $9 per share for the stock and maintained his buy rating, reportsThe Fly.
$Liberty Series B(QRTEB)$
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