Insider Selling: Old QVC Group (NASDAQ:QVCG) Major Shareholder Sells $11,844,000.00 in Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital L.P. sold 720,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $16.45, for a total transaction of $11,844,000.00. Following the sale, the insider directly owned 7,901,044 shares in the company, valued at $129,972,173.80. This represents a 8.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, September 8th, Silver Point Capital L.P. sold 1,600,000 shares of Old QVC Group stock. The stock was sold at an average price of $16.25, for a total transaction of $26,000,000.00.

Old QVC Group Price Performance

NASDAQ:QVCG opened at $16.76 on Friday. Old QVC Group, Inc. has a 1 year low of $14.60 and a 1 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.