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

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Goldentree Asset Management Lp bought 720,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were purchased at an average price of $16.45 per share, for a total transaction of $11,844,000.00. Following the purchase, the insider owned 9,391,951 shares of the company’s stock, valued at $154,497,593.95. This trade represents a 8.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Goldentree Asset Management Lp also recently made the following trade(s):

• On Friday, August 28th, Goldentree Asset Management Lp acquired 915 shares of Old QVC Group stock. The shares were purchased at an average price of $15.98 per share, for a total transaction of $14,621.70.
• On Thursday, August 27th, Goldentree Asset Management Lp bought 22,694 shares of Old QVC Group stock. The shares were purchased at an average cost of $15.79 per share, with a total value of $358,338.26.
• On Wednesday, August 26th, Goldentree Asset Management Lp bought 412 shares of Old QVC Group stock. The stock was acquired at an average cost of $15.29 per share, with a total value of $6,299.48.
• On Tuesday, August 25th, Goldentree Asset Management Lp purchased 2,039 shares of Old QVC Group stock. The stock was acquired at an average price of $15.23 per share, for a total transaction of $31,053.97.
• On Monday, August 24th, Goldentree Asset Management Lp purchased 2,690 shares of Old QVC Group stock. The shares were acquired at an average cost of $15.23 per share, for a total transaction of $40,968.70.
• On Friday, August 21st, Goldentree Asset Management Lp acquired 200 shares of Old QVC Group stock. The stock was acquired at an average price of $15.24 per share, with a total value of $3,048.00.
• On Thursday, August 20th, Goldentree Asset Management Lp acquired 300 shares of Old QVC Group stock. The stock was acquired at an average cost of $15.25 per share, with a total value of $4,575.00.
• On Wednesday, August 19th, Goldentree Asset Management Lp bought 13,980 shares of Old QVC Group stock. The shares were acquired at an average price of $15.21 per share, for a total transaction of $212,635.80.
• On Tuesday, August 18th, Goldentree Asset Management Lp purchased 400 shares of Old QVC Group stock. The stock was acquired at an average price of $15.25 per share, with a total value of $6,100.00.
• On Monday, August 17th, Goldentree Asset Management Lp purchased 44,542 shares of Old QVC Group stock. The stock was bought at an average price of $15.18 per share, with a total value of $676,147.56.

Old QVC Group Stock Performance

Old QVC Group stock traded up $0.71 during mid-day trading on Tuesday, reaching $17.42. 514,295 shares of the company were exchanged, compared to its average volume of 244,404. Old QVC Group, Inc. has a 12 month low of $14.60 and a 12 month high of $20.00.

Old QVC Group Company Profile

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.