Why Qurate Retail Stock Dove 21% on Friday
Qurate (NASDAQ: QRTEA) shareholders saw red on Friday, as their stock fell over 21% by 11:15 a.m. ET, compared to a slight decline in the broader market. The TV-shopping giant had been outperforming the market so far in 2022, but the decline pushed returns well below the 10% decline that's been logged in the S&P 500 to date.
Shares fell due to a surprisingly weak business update issued by the company.
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Source Fool.com
