ValueVision Media (VVTV) Gains 8% as Cannell Capital Discloses Nearly 6% Stake

ValueVision Media (VVTV), multichannel electronic retailer, is up nearly 8% late Wednesday after hedge fund Cannell Capital discloses a 5.6%, or just more than 2.8-million share, stake in a filing.

ValueVision Media Inc markets, sells and distributes products to consumers through TV, telephone, online, mobile and social media. The Company is now using the brand name ShopHQ and ShopHQ.com. The disclosure lifted VVTV,that owns ShopNBC, just off the lower end of its $4.11 to $7.06 52-week range.

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Elizabeth Clark, CPA, is a senior analyst for The Downtown Leader. If you have a great story idea for Elizabeth Clark, you can write at [Elizabeth.Clark@downtownleader.com ].

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