Qurate Retail Inc QRTEA:NASDAQ

Last Price$3.63NASDAQ Closing Price as of 4:00PM ET 5/16/22

Today's Change-0.21(5.47%)
Bid (Size)$3.63 (1,281)
Ask (Size)$3.75 (27)
Day Low / High$3.63 - 3.89
Volume10.7 M

Sector Update: Consumer Discretionary Stocks Dropping But Staples Back Near Even This Afternoon

1:47PM ET 12/20/2021 MT Newswires
Consumer stocks were broadly lower in Monday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) slipping 0.2%, while the SPDR Consumer Discretionary Select Sector ETF (XLY) was sinking 2.1%.

In company news, Qurate Retail (QRTEA) dropped almost 12% this afternoon, sinking to its lowest share price since August 2009, after it said the Rocky Mount fulfillment center in North Carolina for its QVC and HSN home-shopping networks will be closed until further notice following a fire Saturday. The facility was the company's second-largest fulfillment center, processing between 25% to 30% of its QVC and HSN orders, and also was its primary returns center for hard goods, creating "significant" challenges for a prompt resolution.

Dingdong (DDL) climbed 4.2% after it said directors at the Shanghai-based groceries e-commerce company authorized a new, $30 million stock buyback program running through Dec. 19, 2022.

Carnival (CCL, CUK) rose 1.3% on Monday after the cruise liner company reported a net loss of $2.31 per share for its fiscal Q4 ended Nov. 30, improving on a $2.41 per share loss during the same quarter last year, while revenue grew to $1.29 billion from just $34 million in revenue during the year-ago period. The company also said it expects to return to profitability during the second half of its current fiscal year.