Old QVC Group, Inc. (NASDAQ:QVCG – Get Free Report) major shareholder Silver Point Capital L.P. sold 720,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $16.45, for a total transaction of $11,844,000.00. Following the completion of the transaction, the insider owned 7,901,044 shares of the company’s stock, valued at $129,972,173.80. This represents a 8.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Old QVC Group Price Performance
QVCG stock traded up $0.71 during trading on Tuesday, reaching $17.42. 514,295 shares of the company were exchanged, compared to its average volume of 270,075. Old QVC Group, Inc. has a 52-week low of $14.60 and a 52-week high of $20.00.
About Old QVC Group
Old QVC Group (NASDAQ:QVCG) is a video and livestream commerce company whose operations center on QVC and HSN. The company combines television shopping, online retail, mobile applications and social commerce to offer products directly to consumers. Its merchandise generally includes apparel, beauty products, home goods, electronics, jewelry and other consumer products.
QVC Group traces its history to QVC, which was founded in 1986, and HSN, an earlier home-shopping network established in 1977.
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