Key Points
- Silver Point Capital sold 1.6 million Old QVC Group shares at an average price of $16.25, generating $26 million and reducing its stake by 20.25% to 6.3 million shares.
- The major shareholder also sold 720,000 shares on September 3 at an average price of $16.45, reflecting continued selling activity.
- Old QVC Group shares opened at $16.76, within a 52-week 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 Silver Point Capital L.P. sold 1,600,000 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $16.25, for a total value 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 hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions 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 shares were sold at an average price of $16.45, for a total value of $11,844,000.00.
Old QVC Group Stock Performance
Shares of NASDAQ:QVCG 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
(
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
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