Old QVC Group (NASDAQ:QVCG) Major Shareholder Silver Point Capital L.P. Sells 1,600,000 Shares of Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital L.P. sold 1,600,000 shares of the business’s 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 sale, the insider owned 6,301,038 shares of the company’s stock, valued at $102,391,867.50. This trade represents a 20.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, September 3rd, Silver Point Capital L.P. sold 720,000 shares of Old QVC Group stock. The stock was sold at an average price of $16.45, for a total transaction of $11,844,000.00.

Old QVC Group Price Performance

Old QVC Group stock 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.