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A Bit Of Confusion In Stock Symbols In At Home  Verses Home Shopping Network

|About: At Home Group (HOME), Includes: QRTEA
Summary

Liberty Media tendered for the remaining shares of Home Shopping Network

The deal for the remaining 62% of HSN will see HSN owners receiving 1.65 shares of QVCA for each share of HSNi they hold. Based on yesterday's close.

Seems some investor's confused "Home Shopping Network" Stock HSNI with HOME

On Thursday, July 6 2017 Liberty Media tendered for the remaining shares of Home Shopping Network. The stock symbol for Home Shopping Network is HSNI. At Home stock, a non related company to HSNI, gapped up on large volume on absolutely no other news. It doesn't take much volume to move At Home (NASDAQ:HOME) stock. 

At Home gapping up The stock opened over 26!! Believe it or not, this does happen and people can be confused thinking they were buying Home Shopping Network (NASDAQ:HSNI). I have seen this happen on ticker confusion in the past where people have bought (NYSE:WF) Woori Finance instead of (NYSE:WFC) Wells Fargo. 

Long story short - stock moved right back to where it was before the confusion. Strange things in a strange market indeed. But if you're wondering what happened to the stock on Thursday/Friday - this is the culprit. 

Disclosure: I am/we are long HOME.