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

Old QVC Group, Inc. (NASDAQ:QVCG - Get Free Report) major shareholder Silver Point Capital L.P. sold 720,000 shares of Old QVC Group stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $16.45, for a total value of $11,844,000.00. Following the completion of the transaction, the insider owned 7,901,044 shares of the company's stock, valued at approximately $129,972,173.80. The trade was a 8.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Old QVC Group Price Performance

Old QVC Group stock opened at $17.42 on Wednesday. Old QVC Group, Inc. has a 52 week low of $14.60 and a 52 week high of $20.00.

About Old QVC Group

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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.

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