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Why Qurate Retail Stock Spiked Today

TheMotleyFool

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Why Qurate Retail Stock Spiked TodayPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png

Shares of Qurate Retail (NASDAQ: QRTEA) were climbing Friday after the parent of QVC, HSN, and Zulily declared a special dividend and authorized a new share buyback program.

Not surprisingly, that news delighted investors, who see the company as a unique combination of growth and value in e-commerce. The stock was trading up by 13.1% as of 1:22 p.m. EST.

Image source: Getty Images.

Source Fool.com

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