Insider Selling: Old QVC Group (NASDAQ:QVCG) Major Shareholder Sells $16,697,200.00 in Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital, L.P. sold 1,352,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $12.35, for a total value of $16,697,200.00. Following the transaction, the insider directly owned 4,949,038 shares in the company, valued at approximately $61,120,619.30. This represents a 21.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Stock Performance

Shares of Old QVC Group stock opened at $9.28 on Friday. The firm has a fifty day moving average price of $14.87. Old QVC Group, Inc. has a twelve month low of $9.09 and a twelve month high of $20.00.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Old QVC Group to a “hold” rating in a research report 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.