Key Points
- Goldentree Asset Management purchased 44,542 Old QVC Group shares at an average price of $15.18, investing approximately $676,148.
- Following the transaction, Goldentree directly owned 8,628,324 shares valued at roughly $131 million, a 0.52% increase in its stake. The purchase was disclosed in an SEC filing.
- Old QVC Group shares opened at $15.05, compared with a 12-month trading range of $14.60 to $20.00. The company operates QVC and HSN across television, online, mobile and social-commerce channels.
Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Goldentree Asset Management Lp bought 44,542 shares of the company's stock in a transaction dated Monday, August 17th. The shares were acquired at an average price of $15.18 per share, for a total transaction of $676,147.56. Following the completion of the transaction, the insider directly owned 8,628,324 shares in the company, valued at approximately $130,977,958.32. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Goldentree Asset Management Lp also recently made the following trade(s):
- On Tuesday, August 18th, Goldentree Asset Management Lp purchased 400 shares of Old QVC Group stock. The stock was acquired at an average price of $15.25 per share, with a total value of $6,100.00.
Old QVC Group Price Performance
NASDAQ QVCG opened at $15.05 on Thursday. Old QVC Group, Inc. has a twelve month low of $14.60 and a twelve month high of $20.00.
Old QVC Group Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
