Old QVC Group (NASDAQ:QVCG) Major Shareholder Oaktree Capital Management Lp Sells 5,224 Shares of Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Oaktree Capital Management Lp sold 5,224 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $15.50, for a total transaction of $80,972.00. Following the transaction, the insider directly owned 7,205,667 shares in the company, valued at approximately $111,687,838.50. This represents a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Old QVC Group Price Performance

Old QVC Group stock traded down $0.68 during trading hours on Thursday, reaching $9.75. The company had a trading volume of 311,680 shares, compared to its average volume of 453,750. The stock has a 50-day simple moving average of $15.01. Old QVC Group, Inc. has a 12-month low of $9.31 and a 12-month high of $20.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Old QVC Group to a “hold” rating in a research note on Saturday, September 19th.

About Old QVC Group

Old QVC Group is a multimedia retail company focused on selling consumer products through television shopping networks, e-commerce platforms and other digital channels. Its principal brands include QVC and HSN, which offer merchandise such as apparel, beauty products, home goods, electronics, jewelry and lifestyle products.

The company uses televised programming, websites, mobile applications, streaming video and social media to present products, provide demonstrations and engage customers.