Old QVC Group (NASDAQ:QVCG) Major Shareholder Sells 5,224 Shares of Company Stock

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

Old QVC Group Stock Down 6.5%

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

Analysts Set New Price Targets

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