Old QVC Group, Inc. (NASDAQ:QVCG – Get Free Report) major shareholder Silver Point Capital L.P. sold 720,000 shares of Old QVC Group stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $16.45, for a total value of $11,844,000.00. Following the sale, the insider directly owned 7,901,044 shares in the company, valued at approximately $129,972,173.80. This trade represents a 8.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Old QVC Group Stock Down 3.2%
Shares of QVCG stock opened at $16.86 on Thursday. Old QVC Group, Inc. has a 12 month low of $14.60 and a 12 month 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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