Silver Point Capital L.P. Sells 1,600,000 Shares of Old QVC Group (NASDAQ:QVCG) Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $16.25, for a total transaction of $26,000,000.00. Following the transaction, the insider owned 6,301,038 shares in the company, valued at $102,391,867.50. This represents a 20.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

• On Thursday, September 3rd, Silver Point Capital L.P. sold 720,000 shares of Old QVC Group stock. The shares were sold at an average price of $16.45, for a total value of $11,844,000.00.

Old QVC Group Trading Down 0.6%

QVCG traded down $0.10 during trading on Thursday, reaching $16.76. The stock had a trading volume of 196,053 shares, compared to its average volume of 251,802. Old QVC Group, Inc. has a one year low of $14.60 and a one year 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.