Old QVC Group (NASDAQ:QVCG – Get Free Report) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday, Wall Street Zen reports.
Old QVC Group Price Performance
Shares of QVCG stock opened at $15.92 on Friday. Old QVC Group has a 1 year low of $14.60 and a 1 year high of $20.00.
Insider Buying and Selling
In other news, major shareholder Goldentree Asset Management Lp bought 1,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average cost of $16.25 per share, for a total transaction of $26,000,000.00. Following the completion of the purchase, the insider owned 10,991,951 shares of the company’s stock, valued at $178,619,203.75. This trade represents a 17.04% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $16.25, for a total transaction of $26,000,000.00. Following the completion of the transaction, the insider owned 6,301,038 shares of the company’s stock, valued at approximately $102,391,867.50. This represents a 20.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 2,408,172 shares of company stock worth $39,197,788.
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.
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