Silver Point Capital L.P. Sells 720,000 Shares of Old QVC Group (NASDAQ:QVCG) Stock

Old QVC Group, Inc. (NASDAQ:QVCG) major shareholder Silver Point Capital L.P. sold 720,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $16.45, for a total transaction of $11,844,000.00. Following the transaction, the insider owned 7,901,044 shares of the company’s stock, valued at $129,972,173.80. This trade represents a 8.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Old QVC Group Stock Up 4.2%

Shares of NASDAQ QVCG traded up $0.71 on Tuesday, hitting $17.42. The company’s stock had a trading volume of 514,295 shares, compared to its average volume of 270,075. 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.