Why Qurate Retail Stock Spiked Today

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.

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Source Fool.com