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Why is Qurate Retail Inc (QRTEB) Stock down?

30 Nov, 2023:

Shares of Qurate Retail Inc (QRTEB) dropped by 8.76% from $7.19 to $6.56 in the trading on Thursday, November 30, 2023. The reason why QRTEB is down today is due to a recent disclosure by Brian Wendling, the company's Chief Accounting Officer (CAO) and Principal Financial Officer (PFO). Wendling revealed that he sold 20,000 shares of Qurate Retail, with a transaction value of $17,852. Investors often monitor insider trading activity, and the sale of shares by a high-ranking executive can sometimes raise concerns or prompt selling pressure.

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