Old QVC Group (NASDAQ:QVCG) Stock: Insider Oaktree Capital Management Lp Sells 5,224 Shares

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Oaktree Capital Management Lp sold 5,224 shares of Old QVC Group stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $15.50, for a total value of $80,972.00. Following the completion of the sale, the insider owned 7,205,667 shares of the company’s stock, valued at $111,687,838.50. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.

Old QVC Group Price Performance

NASDAQ:QVCG traded down $0.47 during mid-day trading on Friday, reaching $9.28. The company’s stock had a trading volume of 309,871 shares, compared to its average volume of 440,547. Old QVC Group, Inc. has a 1 year low of $9.09 and a 1 year high of $20.00. The business’s fifty day simple moving average is $14.87.

Analyst Ratings Changes

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