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

ValueVision Media (VVTV) 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 is a multichannel electronic retailer that 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, a multichannel electronic retailer that owns ShopNBC, just off the lower end of its $4.11 to $7.06 52-week range.

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Andy Weld, CFA, is an editor and equity analyst for The Downtown Leader. If you have a great story idea for Andy Weld, you can write at [Andy.Weld@downtownleader.com ].

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