India, May 27 -- QVC Group Inc. (QVCGP) shares plunged 50.68 percent to $7.60 on Tuesday, losing $7.81 in value despite no apparent news or filings to explain the sudden drop.
The stock opened at $8.00 and traded in a volatile range between $7.33 and $8.58 during the day on the Nasdaq. Trading volume spiked to 415,862 shares, significantly above the average daily volume of 81,783.
QVCGP had closed at $15.41 in the previous session. Over the past 52 weeks, the stock has traded between $7.33 and $50.72.
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